Rockerbie, Duane (2006): Peculiarities of the Major League Baseball Posting System. Unpublished.
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The posting system used in major league baseball to obtain free agent players from Japan has some similarities and many differences from the transfer system used to obtain foreign free agents in European football. This paper uses auction theory to assess the efficiencies (or lack of) in the posting system and to suggest alternatives.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | University of Lethbridge |
| Language: | English |
| Keywords: | posting system; baseball; auction theory; winner's curse |
| Subjects: | L - Industrial Organization > L8 - Industry Studies: Services > L83 - Sports; Gambling; Recreation; Tourism J - Labor and Demographic Economics > J4 - Particular Labor Markets > J44 - Professional Labor Markets; Occupational Licensing |
| ID Code: | 891 |
| Deposited By: | Duane Rockerbie |
| Deposited On: | 21. Nov 2006 |
| Last Modified: | 25. Jul 2011 16:30 |
| References: | Eichberger, J. (1993). Game Theory for Economics. New York: Academic Press. Milgrom, R. & Weber, R. (1982). A Theory of Auctions and Competitive Bidding. Econometrica, 50, 1089-1122. Vickrey, W. (1961). Counterspeculation and Competitive Sealed Bid Tenders. Journal of Finance, 16, 8-37. |
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