Arbitration versus negotiation: the risk aversion of players
This paper explores the effects that skill and experience have on a baseball player's decision about whether to negotiate with his team or to enter into arbitration. The action taken by players who are eligible to file depends on their perceived trade-off between various types of risk such as the possibility of injury and the risks inherent in the arbitration process. Experience increases the chance that a player will go through arbitration, a high skill level decreases that chance, and a large spread between offered and desired salaries makes a negotiated solution more likely.
Year of publication: |
1998
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Authors: | Frederick, David ; Kaempfer, William ; Ross, Martin ; Wobbekind, Richard |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 5.1998, 3, p. 187-190
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Publisher: |
Taylor & Francis Journals |
Saved in:
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