Colgate University Libraries


Major League Baseball has long been recognized as a useful tool in modeling other labor markets. Not only does the system perfectly replicate personal psyche and motivation, but few other industries record worker statistics to the extent of the MLB. In fact, members of the Society for American Baseball Research (SABR) are dedicated to producing a myriad of performance measures in an attempt to help quantify individual and team production. With these measures, various topics can be discussed within a numerical context. Baseball is also a very interesting industry due to its monopsonistic nature, where the owner has total contract control in a sea of salary-hungry players.