Abstract
Major League Baseball's recently convened Blue Ribbon Panel concluded that competitive balance had been reduced in the latter half of the 1990s. Specifically, the Blue Ribbon Panel argues that smaller-market teams now know before the season begins that there is little chance for post-season success. Such a finding is contrary to the findings of numerous economists who contend that Major League Baseball at the close of the twentieth century has never been more competitively balanced. The purpose of this work is to reconcile these disparate viewpoints via an analysis of the link between various definitions of market size and competitive balance. In general, our analysis of the 1990s reveals that market size, however it is defined, is not consistently related to the level of competitive balance in Major League Baseball.
Journal Information
The Review of Industrial Organization examines all aspects of the field and presents papers that advance significant theories of industrial organization and policy. A major focus of the journal is competition and monopoly in their many forms and their affects on efficiency, innovation, and social conditions. The Review has also increased its focus on public policies such as antitrust, regulation, deregulation, public enterprise, and privatization.
Publisher Information
Springer is one of the leading international scientific publishing companies, publishing over 1,200 journals and more than 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine, physics, engineering, mathematics, computer sciences, and economics.
Rights & Usage
This item is part of a JSTOR Collection.
For terms and use, please refer to our Terms and Conditions
Review of Industrial Organization
Request Permissions
Homework
Help
This preview shows page 1 - 2 out of 3 pages.
Directions:Identify the correct answer to each of the following questions. Use a separate sheet of paper torecord your responses.OBJECTIVE A1.Which of the following isnota benefit of winning a major league championship in a market economy:a.Increased ticket salesc.Increased sponsorship feesb.Increased licensed merchandise salesd.Increased payroll
2.Which of the following is an unfair, anticompetitive trade practice in sport/event marketing:
Get answer to your question and much more
3.Sport/Event organizations use their trademarks to make money from
Get answer to your question and much more
4.A court order that stops a certain activity until a trial begins is a(n)
Get answer to your question and much more
Upload your study docs or become a
Course Hero member to access this document
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Fundamentals of Business Law Today: Summarized Cases
Miller
Upload your study docs or become a
Course Hero member to access this document
End of preview. Want to read all 3 pages?
Upload your study docs or become a
Course Hero member to access this document
Tags
National Labor Relations, trademark infringement, Ticket resale
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The document you are viewing contains questions related to this textbook.
Fundamentals of Business Law Today: Summarized Cases
Miller
Expert Verified