'Professional base ball players' presentation slideshows

Chapter 17 Sports History

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Economics of Sports

Economics of Sports. Unit 7: Labor Markets. Monopsony and Baseball. Initially players controlled the game Governing body: National Assn of Professional Base Ball Players It could not keep players from jumping contracts Pittsburgh Pirates named for piracy of players from other teams

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Profit Maximization and Labor Demand

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The Labor Supply Curve

The Labor Supply Curve The decision to work can be examined from two perspectives: The opportunity cost of work. If one does not work one forfeits the wage the worker would be paid. Substitution effect = ?H/?W | Y constant > 0 Where H = Hours Worked W = Wage Paid Y = Income

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Origins and Birth of Major League Baseball

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