A collection reviewing the current economic nature of the baseball industry reflecting the dramatic changes occurring during the last several years.
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.