The Impact of Heterogeneity on Team Performance
Date
2015
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Haverford College. Department of Economics
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Thesis
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Award
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eng
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Bi-College users only
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Abstract
What is the best team dynamic to produce the best performance? In various settings, there are an infinite amount of combinations of team dynamics measured in different ways. In this paper, I examine how heterogeneity of salary and expertise is correlated with team performance using data from the National Football League and Major League Baseball. Heterogeneity is measured using variance of Salary and Expertise. The NFL and the MLB are chosen because of the highly competitive setting and lucrative signing deals they contain. Furthermore, since the “Salary Cap” exists in the Major League Baseball (MLB) and not in the National Football League (NFL), the paper will see whether team performance with respect to salary variance is impacted by salary thresholds placed on each team by the league. The results indicate that there is not a significant correlation between the salary/expertise variance and team performance. However, the results do indicate that when only NFL offensive players were being considered, there is a positive correlation between salary average and variance to team performance.