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Do Expected Marginal Revenue Products For National Hockey League Players Equal Their Price In Daily Fantasy Games?, Benjamin Goldman
Do Expected Marginal Revenue Products For National Hockey League Players Equal Their Price In Daily Fantasy Games?, Benjamin Goldman
Award Winning Economics Papers
The equality between wages and marginal revenue products is a backbone of competitive labor markets. This study will seek to test the congruity between the two in the market for players in daily fantasy hockey games. Any observed and statistically significant incongruity would lead to the conclusion that an individual can earn long run profit playing daily fantasy games. Both fixed effects and pooled regressions are employed to isolate inequalities between prices and expected marginal revenue products for players in daily fantasy hockey games. Any deviation of such could potentially be explained by utility maximizing gamblers or incomplete information. Robust …