Monetary Mound: Econometric Analysis of Pitcher Salary

Item

Title

Monetary Mound: Econometric Analysis of Pitcher Salary

Description

L. P. Young Student Center, West Dining and Flag Room

Do Major League Baseball (MLB) pitchers receive pay commensurate with their on-field performance in the year they become a free agent? This contribution is known as marginal revenue product in economic theory. The purpose of this study is to determine if current pitchers were paid according to their on-field performance during the last year of their contract, examine if team pitching performance contributes to wins, and estimate determinants of team revenue. In conclusion, 68% of pitcher pay is explained by on field performance, wins are found to be statistically insignificant in determining revenue, and the marginal revenue product of pitchers is found and compared league-wide.

Marie Duggan

Contributor

Keene State College

Creator

Shane A. Piesik

Coby Harned

Date

2016-04-09

Identifier

https://commons.keene.edu/s/KSCArchive/item/21048

Subject

Economics

Type

Presentation

Rights

http://rightsstatements.org/vocab/InC/1.0/

Item sets

AEC 2016 School of Sciences and Social Sciences

Site pages

School of Sciences and Social Sciences