Hot Stove Economics

Hot Stove Economics

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The final out of the World Series marks the beginning of baseball's second season, when teams court free agents and orchestrate trades with the hope of building a championship contender. The real and anticipated transactions generate excitement among fans who discuss the merit of moves in the arena informally known as the a€œhot stove league.a€ In Hot Stove Economics, economist J.C. Bradbury answers the hot stove league's most important question: what are baseball players worth? With in-depth analysis, Bradbury identifies the gamea€™s best and worst contractsa€”revealing the bargains, duds, and players who are worth every penny they receive. From minor-league prospects to major-league MVPs, Bradbury examines how factors such as revenue growth, labor rules, and aginga€” even down to the month in which players are borna€”shape players' worth and evaluates how well franchises manage their rosters. He broadly applies the principles of economics to baseball in a way that is both interesting and understandable to sports fanatics, team managers, armchair economists and students alike.But the source of all this emotion a€“ as J.C. Bradbury demonstrates in Hot Stove Economics a€“ are the decisions made in the winter. Such decisions depend upon the information available to teams and how this is evaluated.


Title:Hot Stove Economics
Author: J.C. Bradbury
Publisher:Springer Science & Business Media - 2010-09-29
ISBN-13:

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