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How Much Did Baseball's Antitrust Exemption Cost Bob Gibson?

机译:棒球的反托拉斯豁免要花费鲍勃·吉布森多少钱?

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摘要

Major League Baseball was granted an exemption to antitrust laws in 1922 by the Supreme Court. This exemption led to the creation of a monopsonistic labor market that prevented baseball players from fielding offers from other organizations once that player signed with any Major League Baseball team. Economic theory predicts that such a market would reduce a worker’s wage below a worker’s marginal revenue product. The question this study seeks to address is how much wage depression existed before the introduction of free agency in baseball in 1976. Specifically, we will examine the Hall-of-Fame career of Bob Gibson, a career that ended in 1975. Our examination will not only explore the standard approach economists have used to answer this question for more than forty years but also a simpler approach that gives a more realistic answer to the question.
机译:最高法院于1922年批准美国职业棒球大联盟(MAB)豁免反托拉斯法。这种豁免导致建立了一个单调的劳动力市场,该市场阻止了棒球运动员一旦与任何美国职棒大联盟的球队签约,便无法获得其他组织的聘用。经济理论预测,这样的市场会使工人的工资降低到低于工人的边际收入产品。这项研究试图解决的问题是,1976年在棒球界引入自由球员制之前,工资下降的程度已经存在。具体来说,我们将研究鲍勃·吉布森的名人堂生涯,该职业于1975年结束。不仅探索了经济学家四十年来回答这个问题的标准方法,而且还探索了一种更简单的方法来给出对该问题的更现实的答案。

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