Hausman and Leonard offered evidence that Michael Jordan generated US$53 million in broadcast revenue for teams other than his employer, the Chicago Bulls. In essence, these authors argued for the existence of a superstar externality. The purpose of this article is to extend the work of Hausman and Leonard via an examination of road attendance in this sport. The evidence we report suggests that a superstar externality also exists on the road in the National Basketball Association. Policy suggestions to remedy this issue are offered in the text.

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The Coase theorem maintains that where free‐market precepts exist, the allocation of property rights does not impact the distribution of resources. An application to Major League Baseball suggests that institutions such as free agency and the reverse‐order amateur draft would not impact player distributions and therefore would not impact competitive balance. The present study finds that the distribution of wins is generally consistent with the precepts of the Coase theorem and therefore suggests a course for those who wish to alter the level of competitive balance: Major League Baseball should increase its focus on expanding the size of its labor pool. (JEL O15, L83, C22)

Protracted labour disputes in professional team sports have become increasingly common in the past 30 years. Although each of the four major professional team sports in the USA have experienced episodes of labour strife, Major League Baseball has the longest and most frequent experience with labour-management conflict. Fans and the media claim with each incident permanent harm is done to baseball's standing as the national pastime. The purpose of this paper is to ascertain whether such claims can be supported by the empirical evidence. Utilizing time-series analysis, aggregate attendance at professional baseball games is examined. The evidence presented suggests that although the most protracted periods of labour discord had short-term impacts on attendance, there is no empirical evidence that these exogenous shocks had any long-term effects.

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