Team payroll, pitcher and hitter payrolls and team performance: Evidence from the U.S. Major League Baseball

• Lu, Xing ^[1] ; Matthews, Jason ^[3] ; Wang, Miao ^[2] ; Zhuang, Hong ^[1]
  1. [1] Indiana University South Bend

     Indiana University South Bend

     Township of Portage, Estados Unidos

     
  2. [2] Marquette University

     Marquette University

     City of Milwaukee, Estados Unidos

     
  3. [3] Gäshawk, South Bend, USA

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• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 7, Nº. 2, 2018, págs. 62-69
• Idioma: inglés
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• Resumen

  • We use the U.S. Major League Baseball team level data in 1985-2015 and find an inverse U-shaped relationship between team payrolls and winning percentages. Furthermore, when investigating the winning effects of pitcher and hitter payrolls, we find the similar curvilinear relationship between pitcher/hitter salaries and team performance.