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Assessing the Relative Importance of Inputs to a Production Function

Author

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  • Daniel Deli

Abstract

Since the publication of Michael Lewis's book, Moneyball , there has been a commonly held belief that getting on-base percentage (OBP) is more important in run production than hitting for power slugging percentage (SLG). Implicit in that conclusion is an assumption that OBP and SLG are drawn from similar distributions. The author finds, however, that they are drawn from meaningfully different distributions. Controlling for those differences, the author finds no evidence that OBP is more important in run production than SLG. In fact, the author finds that from 1980 to 2007 SLG was more important in run production than OBP.

Suggested Citation

  • Daniel Deli, 2013. "Assessing the Relative Importance of Inputs to a Production Function," Journal of Sports Economics, , vol. 14(2), pages 203-217, April.
    • Handle: RePEc:sae:jospec:v:14:y:2013:i:2:p:203-217
    DOI: 10.1177/1527002511434056
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    References listed on IDEAS

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    1. Jahn K. Hakes & Raymond D. Sauer, 2006. "An Economic Evaluation of the Moneyball Hypothesis," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 173-186, Summer.
    2. Peter Kennedy, 2003. "A Guide to Econometrics, 5th Edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 026261183x, April.
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    Cited by:

    1. Thomas M. Fullerton & James T. Peach, 2016. "Major League Baseball 2015, What a Difference a Year Makes," Applied Economics Letters, Taylor & Francis Journals, vol. 23(18), pages 1289-1293, December.
    2. Elitzur, Ramy, 2020. "Data analytics effects in major league baseball," Omega, Elsevier, vol. 90(C).
    3. Daniel T. Brown & Charles R. Link & Seth L. Rubin, 2017. "Moneyball After 10 Years," Journal of Sports Economics, , vol. 18(8), pages 771-786, December.

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