THE INCREASING COMPETITIVE BALANCE IN MAJOR-LEAGUE BASEBALL

Authors
Citation
I. Horowitz, THE INCREASING COMPETITIVE BALANCE IN MAJOR-LEAGUE BASEBALL, Review of industrial organization, 12(3), 1997, pp. 373-387
Citations number
23
Categorie Soggetti
Economics,Management
ISSN journal
0889938X
Volume
12
Issue
3
Year of publication
1997
Pages
373 - 387
Database
ISI
SICI code
0889-938X(1997)12:3<373:TICBIM>2.0.ZU;2-L
Abstract
This paper explores the changing competitive balance in Major League B aseball through the relative-entropy measure of information theory. It is shown that while competitive balance in both leagues has been on a n upward path during the 20th century, the path has had numerous detou rs that resulted from some on-the-field and some off-the-field changes that Major League Baseball has undergone during the past 75 years. Th e most important detours occurred in the wake of the Black Sox scandal of 1919, Jackie Robinson's breaking the color barrier and the concurr ent spread of television and erosion of the minor leagues, franchise m oves and major league expansion, and free agency.