May the Best Team Win: Baseball Economics and Public Policy

May the Best Team Win: Baseball Economics and Public Policy

by Andrew Zimbalist
     
 

ISBN-10: 0815797281

ISBN-13: 9780815797289

Pub. Date: 03/01/2003

Publisher: Brookings Institution Press

The business of baseball stands in sharp contrast to the game’s wholesome image as America’s favorite pastime. Major league baseball is a deeply troubled industry, facing chronic problems that threaten its future: persistent labor tensions, competitive dominance by high-revenue teams, migration of game telecasts to cable, and escalating ticket

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Overview

The business of baseball stands in sharp contrast to the game’s wholesome image as America’s favorite pastime. Major league baseball is a deeply troubled industry, facing chronic problems that threaten its future: persistent labor tensions, competitive dominance by high-revenue teams, migration of game telecasts to cable, and escalating ticket prices. Amid the threat of contraction, existing franchises are demanding public subsidies for new stadiums, while viable host cities are begging for teams. The game’s core base of fans is aging, and MLB is doing precious little to attract a younger audience. According to Andrew Zimbalist, these problems have a common cause: monopoly. Since 1922 MLB has benefited from a presumed exemption from the nation’s antitrust laws. It is the only top-level professional baseball league in the country, and each of its teams is assigned an exclusive territory. Monopolies have market power, which they use to derive higher returns, misallocate resources, and take advantage of consumers. Major league baseball is no exception. In May the Best Team Win, Zimbalist provides a critical analysis of the baseball industry, focusing on the abuses and inefficiencies that have plagued the game since the 1990s, when franchise owners appointed their colleague Bud Selig as MLB’s “independent” commissioner.

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Product Details

ISBN-13:
9780815797289
Publisher:
Brookings Institution Press
Publication date:
03/01/2003
Pages:
198
Product dimensions:
6.00(w) x 9.00(h) x (d)

Table of Contents

Foreword
Preface
1Introduction: Cause for Concern1
2Baseball's Presumed Antitrust Exemption15
3Competitive Balance: Leveling the Playing Field35
4Profitability55
5Collective Bargaining75
6The Stadium Issue123
7What Is to Be Done?135
Notes161
Index191

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