The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market

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The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market

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Title: The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market
Author: Maurice, Chris
Department: Haverford College. Dept. of Economics
Type: Thesis (B.A.)
Issue Date: 2010
Abstract: The goal of this thesis was to test the efficiency of the baseball labor market. To analyze the market, I found models to estimate the marginal revenue products of Major League Baseball players. I then compared the estimated marginal revenue products to the actual terms of players’ contracts in the 2009 season. Through this analysis, I was able to find the most over and undervalued players in the 2009 Major League Baseball season. I also was able to identify certain skills that were over or undervalued by the labor market. I noticed considerable differences in market strategy between teams with high payrolls and teams with low payrolls. I was also able to find that players who played above average defense were consistently undervalued.
Subject: Baseball players -- United States -- Valuation
Subject: Baseball players -- United States -- Economic conditions
Subject: Baseball players -- Rating of -- United States
Terms of Use: http://creativecommons.org/licenses/by-nc/3.0/us/
Permanent URL: http://hdl.handle.net/10066/5985

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Maurice, Chris. "The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market". 2010. Available electronically from http://hdl.handle.net/10066/5985.

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