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Social and Behavioral Sciences Commons™
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- Keyword
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- Free agency (3)
- Ability (2)
- Collective bargaining agreement (2)
- Effort (2)
- Hitters (2)
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- Major league baseball (2)
- Retirement (2)
- Arbitration (1)
- Collective bargaining agreements (1)
- Contract length (1)
- Contract negotiations (1)
- Contract year (1)
- Contracts (1)
- Fixed effect regression (1)
- Fundamentals (1)
- Future contract (1)
- Gordon discounted cash flow model (1)
- Guaranteed contracts (1)
- Incentive (1)
- Incentives (1)
- Irrational exuberance (1)
- OPS (1)
- On-base percentage (1)
- On-base plus slugging percentage (1)
- Performance (1)
- Population regression function (1)
- Position players (1)
- Regression models (1)
- Relevant risk (1)
- Retirement intention (1)
Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Do Hitters Boost Their Performance During Their Contract Years?, Heather M. O'Neill
Do Hitters Boost Their Performance During Their Contract Years?, Heather M. O'Neill
Business and Economics Faculty Publications
Each season, baseball fans and journalists alike identify which players are in the final years of their contracts because a lot rides on how the players produce in their “contract year.” Will a player boost his effort and performance in an effort to improve his value and bargaining power? Or will he crumble under the pressure? Or are players’ performances uncorrelated with where they stand in their contract cycles?
Do Major League Baseball Hitters Engage In Opportunistic Behavior?, Heather M. O'Neill
Do Major League Baseball Hitters Engage In Opportunistic Behavior?, Heather M. O'Neill
Business and Economics Faculty Publications
This study focuses on 256 Major League Baseball free agent hitters playing under the 2006–2011 collective bargaining agreement to determine whether players engage in opportunistic behavior in their contract year, i.e., the last year of their current guaranteed contracts. Past studies of professional baseball yield conflicting results depending on the econometric technique applied and choice of performance measure. When testing whether players’ offensive performances increase during their contract year, the omitted variable bias associated with OLS and pooled OLS estimation leads to contrary results compared to fixed effects modeling. Fixed effects regression results suggest players increase their offensive performance subject …
Do Major League Baseball Hitters Come Up Big In Their Contract Year?, Heather M. O'Neill, Matthew J. Hummel
Do Major League Baseball Hitters Come Up Big In Their Contract Year?, Heather M. O'Neill, Matthew J. Hummel
Business and Economics Faculty Publications
In sports, especially baseball, there is a lot of talk about contract year performance. Beginning in spring training and continuing throughout the season, sports journalists and fans converse about how players in the last year of their contract will perform. Experts in the media, often ex-baseball players themselves, speculate contract year players will have break-out seasons in order to secure a better contract in upcoming contract negotiations. This leads to the question: do baseball players increase their effort and performance during their contract year to increase the value of their next contract?
The Search For Stock Market Bubbles: An Examination Of The Nyse Index, Andrew J. Economopoulos, Avinash G. Shetty
The Search For Stock Market Bubbles: An Examination Of The Nyse Index, Andrew J. Economopoulos, Avinash G. Shetty
Business and Economics Faculty Publications
Many have put forth reasons why the stock market has climbed to new and unprecedented heights. Two reasons are examined: (1) investors are expecting prices to increase and are bidding up price irrationally; (2) investors have moved to a long-term strategy and are requiring a lower risk premium. For the latter reason, the rise in stock prices is due to a change in the fundamentals, and for the former reason the rise represents the classical bubble. The evidence indicates that risk preferences have changed while price momentum does not appear during bubble periods.