2002
DOI: 10.1093/ei/40.4.620
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Using Baseball Card Prices to Measure Star Quality and Monopsony

Abstract: Baseball card prices are used to capture star quality in a new measure of productivity in Major League Baseball. Star quality, which impacts revenues, is determined from a player's baseball card price as the residual in a fit of card prices to performance statistics. This measure is entered into the computation of individual player marginal revenue product and compared to players' salaries using data from the four years leading up to the 1994 MLB strike. Results are examined for monopsonistic exploitation by m… Show more

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Cited by 25 publications
(31 citation statements)
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“…Other studies (e.g. Mullin and Dunn, 2002, Treme and Allen, 2009 focus on American professional sports, finding a positive effect of both measures of performance and media exposure on the entry earnings of baseball (MLB) and basketball (NBA) players.…”
Section: Productivity Shocks and Top Incomesmentioning
confidence: 97%
“…Other studies (e.g. Mullin and Dunn, 2002, Treme and Allen, 2009 focus on American professional sports, finding a positive effect of both measures of performance and media exposure on the entry earnings of baseball (MLB) and basketball (NBA) players.…”
Section: Productivity Shocks and Top Incomesmentioning
confidence: 97%
“…Garcia-del- Barrio and Pujol (2007) define star players as those players with the highest Internet exposure. Mullin and Dunn (2002) assert that an athlete's popularity is an intangible characteristic that keep fans coming back even when the athlete is playing poorly. They present evidence that suggests stars affect team revenues both by on-field success and by their popularity.…”
Section: Literaturementioning
confidence: 99%
“…For instance, under the Rivers and DeSchriver (2002) system, such superstar players as Cal Ripken, Derek Jeter, Ichiro Suzuki, Ozzie Smith, and Ken Griffey Jr., would fail to register a single ''star point'' during some of their peak years of popularity. Mullin and Dunn (2002) take a different approach to the definition of stardom, implicitly suggesting that ''star quality'' is a set of intangible characteristics, distinct from performance, that fans are willing to pay to see. To estimate this, the authors regress a player's current-year baseball card price on measures of his performance, with the residual representing the unexplained ''star quality.''…”
Section: Introductionmentioning
confidence: 99%