BURGER, JOHN D.; WALTERS, STEPHEN J.K. - In: Journal of Labor Research 26 (2005) 2, pp. 267-280
Their desire for enduring employment is commonly assumed to induce arbitrators to make fair awards. We find, however, that in major league baseball's unique institutional setting, self-interested behavior by arbitrators has led to bias against players and preservation of monopsony rents for team...