This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Fort, R. Search for Related Content Social Bookmarking                         What's this?

The Golden Anniversary of "The Baseball Players’ Labor Market"

Washington State University

Rottenberg’s "The Baseball Players’ Labor Market" holds the original ideas behind many threads of the sports economics literature. Most well known, the article contains both the invariance proposition (IP) and the uncertainty-of-outcome hypothesis. But there is also a rather complete specification of attendance demand and much more. Given this, it is strange that the IP has been "morphed" into the Coase theorem in portions of the sports economics literature. Rottenberg deserves better than footnote status, and an insightful empirical test is lost in this transformation. This article documents this and tests the IP directly on an occurrence missed so far in the literature (but also documented by Rottenberg) to point out the continued importance of the IP, even up to the golden anniversary of its original publication.

Key Words: sports economics • Rottenberg • competitive balance • uncertainty of outcome • transactions costs

Journal of Sports Economics, Vol. 6, No. 4, 347-358 (2005)
DOI: 10.1177/1527002505281226


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?