- New Horizons in the Economics of Sport series
Edited by Plácido Rodríguez, Stefan Késenne and Jaume García
Chapter 2: Major League Baseball attendance time series: league policy lessons
In this chapter, we offer policy observations based on the impact of competitive balance and the behavior of structural break points in Major League Baseball’s (MLB’s) attendance time series. First, game uncertainty and dynasties (that is, winning consecutive championships) do not matter for attendance but playoff uncertainty does. However, the impact of playoff uncertainty is economically unimportant. Second, structural breaks occur proximate only to post-World War II racial integration, expansion in the early 1960s, expansion and the introduction of division play in 1969, and for the commonly acknowledged hitting power escalation of the late 1980s. No structural breaks coincide with other expansion episodes or the explosion of cable television in the 1980s. Past work on attendance time series in MLB have focused on the impact of strikes (Schmidt and Berri, 2002, 2004), econometric time series issues (Fort and Lee, 2006) and the role of outcome uncertainty (Lee and Fort, 2008). None of these are explicitly aimed at extracting policy lessons as we do in this chapter for each of the episodes just identified.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.