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In this article, it is suggested that the new collective bargaining agreement (CBA) in the National Basketball Association (NBA) redistributes rents from the superstars back to the median voters. In particular, it is suggested that portions of the new agreement, such as salary caps, are designed...
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type="main" xml:lang="en" <p>This paper provides a detailed analysis of negotiated salaries under Major League Baseball's final-offer arbitration process using data from the 2007–2010 seasons. There is a wage premium of 25% for hitters and 14% for pitchers filing for arbitration. Interestingly,...</p>
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