By explicitly examining the symmetry assumption implicit in much of the efficiency wage literature, a plausible supply-side link between monetary policy and worker productivity is introduced. Specifically, if relative wages influence worker behavior asymmetrically and monetary policy alters...

The game of baseball was an integral part of life in 20th-century America. The relation baseball had with its fans, though, evolved as the game moved from quiet pastime to a multibillion dollar business. As the presented evidence will suggest, consumer demand at the close of the 20th century was...

Several authors have recently suggested that an expanding labor pool has led to improvement in professional sports leagues’ competitive balance. The basic premise is that a rise in team player options leads to less variability in player performance and therefore increased competition. The...

Hausman and Leonard offered evidence that Michael Jordan generated US$53 million in broadcast revenue for teams other than his employer, the Chicago Bulls. In essence, these authors argued for the existence of a superstar externality. The purpose of this article is to extend the work of Hausman...

Kickers in the NFL have two jobs. The first is kicking off. The second is scoring via field goal attempts and extra points. Of these two actions, the latter’s impact on outcomes is most easily observed. Decision-makers should be able to go beyond simple visual observation and evaluate actions...

The present paper examines aggregate player movement in Major League Baseball over the majority of the 20th century. Major League Baseball has been subject to numerous exogenous shocks across the period. For example, it has been subject to competition during the mid-1910s with the introduction...

Both the popular press and industry insiders have claimed that the growing gap between the "rich" and "poor" teams in major league baseball has led to a greater disparity on the field of play and that the eventual outcome of this gap will be lower attendance. The purpose of this inquiry is...

Several recent studies suggest the presence of point shaving in NCAA college basketball. While similar asymmetric incentives between athletes and gamblers exist, evidence for point shaving in college football does not appear to exist.

This paper investigates the possible existence and timing of structural breaks in public infrastructure investment in the US. Results are obtained using both the conventional Chow tests as well as the multivariate Bai, Lumsdaine and Stock tests which are more appropriate for finding breaks in...