Article

The Production Technology of Major League Baseball

Anthony C. Krautmann

in The Oxford Handbook of Sports Economics

Published in print May 2012 | ISBN: 9780195387780
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195387780.013.0005

Series: Oxford Handbooks

The Production Technology of Major League Baseball

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This article outlines some of the seminal papers found in the literature pertaining to the production of wins in Major League Baseball (MLB). It also addresses a number of different specifications of the talent vector, and compares the impact on winning of the different inputs. It includes a number of additional considerations that should impact the transformation of talent-inputs into winning-output. A test of the coefficients on on-base percent (OBP) and slugging percent (SLG) rejected the null that the two inputs have an equal effect on total wins (WINS). Pitching has a greater impact on WINS in the American League (AL) than in the National League (NL); and two, earned-run average (ERA) has one of the largest effects on winning of all the inputs. Fielding efficiency appears to have a greater impact in the NL than the AL.

Keywords: Major League Baseball; winning; win production; slugging percent; National League; fielding; pitching; American League

Article.  7430 words. 

Subjects: Economics ; Industry Studies ; Financial Institutions and Services

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