| By: |
Allen R. Sanderson (Department of Economics, University of Chicago);
John J. Siegfried (Department of Economics, Vanderbilt University and AEA) |
| Abstract: |
Fifty years ago the JPE published Simon Rottenberg's "The Baseball Players'
Labor Market", the first professional journal article in sports economics. In
this retrospective we review some of his insights and analyses with regard to
competitive balance, constraints on payroll and freedoms to contract, revenue
sharing, territorial rights and the supply of talent. We also note subsequent
industry developments Rottenberg could not have anticipated, and identify
where he was ahead of his time. |
| Keywords: |
Rottenberg, baseball, invariance theorem, Coase theorem, reserve clause |
| JEL: |
B21 B31 D23 J3 J4 L83 |
| Date: |
2006–03 |
| URL: |
http://d.repec.org/n?u=RePEc:van:wpaper:0606&r=spo |