This collection of contributions by 14 professional economists analyzes the current economic issues in major league baseball. Most of these issues are related to the recent disputes between owners and players over a collective bargaining agreement and between large-market and small-market owners over revenue sharing. Issues addressed include the impact of the construction of new stadiums and racial discrimination on attendance. In addition, players' salaries, free agency, cost of player development, and arbitration are discussed.
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JOHN FIZEL is Professor of Economics and Chair of the iMBA program at Penn State University. He conducts research in applied microeconomic topics that have included online auctions, nursing home efficiency, and the economics of sports. He is co-editor of Baseball Economics (Praeger, 1996) and Sports Economics (Praeger, 1999).
RODNEY FORT is Professor of Economics at Washington State University. The author of dozens of articles and monographs on sports economics, he serves on the editorial board of the Journal of Sports Economics. He is a regular speaker and panel participant on sports issues in the United States and Europe, and he has testified before the U.S. Senate on competitive balance issues and often renders expert opinion in legal cases in the United States.
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