Are baseball players paid their marginal products?

Previous researchers found that baseball players under the reserve clause had been paid considerably less than their contributions to club revenues. We ask, has the new contractual system of free agency and final-offer arbitration brought baseball salaries into line with marginal revenue products? U...

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Veröffentlicht in:	Managerial and decision economics 1994-09, Vol.15 (5), p.443-457
Hauptverfasser:	Macdonald, Don N., Reynolds, Morgan O.
Format:	Artikel
Sprache:	eng
Schlagworte:	Arbitration Baseball Baseball statistics Coefficients Collective bargaining Compensation Cost estimates Econometrics Free agency Free agents II. Incentives, Performance and Rewards Income estimates Labor contracts Marginal revenue products Production functions Productivity Professional baseball Professional sports Regression analysis Revenue Salary Sports arbitration Studies Wages & salaries
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