Overview
- Examines salary formation in Major League Baseball in the light of real option theory
- Seeks to clarify the connections between salary and marginal revenue product for professional baseball players
- Demonstrates how to calculate the value of real options to the baseball player and the team owner
Part of the book series: Palgrave Pivots in Sports Economics (PAPISE)
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Table of contents (5 chapters)
Keywords
About this book
Authors and Affiliations
About the authors
Stephen T. Easton is Professor in the Department of Economics at Simon Fraser University, Canada,
Bibliographic Information
Book Title: Contract Options for Buyers and Sellers of Talent in Professional Sports
Authors: Duane W Rockerbie, Stephen T. Easton
Series Title: Palgrave Pivots in Sports Economics
DOI: https://doi.org/10.1007/978-3-030-49513-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-49512-1Published: 13 September 2020
eBook ISBN: 978-3-030-49513-8Published: 12 September 2020
Series ISSN: 2662-6438
Series E-ISSN: 2662-6446
Edition Number: 1
Number of Pages: XI, 97
Number of Illustrations: 8 b/w illustrations, 1 illustrations in colour
Topics: Sports Economics, Labor Economics, Econometrics