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Peculiarities of the Major League Baseball Posting System

Author

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  • Rockerbie, Duane

Abstract

The posting system used in major league baseball to obtain free agent players from Japan has some similarities and many differences from the transfer system used to obtain foreign free agents in European football. This paper uses auction theory to assess the efficiencies (or lack of) in the posting system and to suggest alternatives.

Suggested Citation

  • Rockerbie, Duane, 2006. "Peculiarities of the Major League Baseball Posting System," MPRA Paper 891, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:891
    as

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    File URL: https://mpra.ub.uni-muenchen.de/891/1/MPRA_paper_891.pdf
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    References listed on IDEAS

    as
    1. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
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    More about this item

    Keywords

    posting system; baseball; auction theory; winner's curse;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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