This article presents evidence that the preferred awards of arbitrators in final-offer arbitration (FOA) compromise between the perspectives of the bargainers. Using Major League Baseball FOA offers between 1986-2002, this study finds strong evidence that final offers (which are strategically...

<title>Abstract</title> The author investigates the relationship between students' absenteeism during a principles of microeconomics course and their subsequent performance on exams. Records were maintained regarding the specific class periods that each student missed during the semester. Records were also...

The purpose of this paper is to investigate empirically student performance in principles of microeconomics classes taught via co-operative learning versus the traditional lecture. In a fall semester, I taught one cohort of micro principles students as a traditional lecture, while presenting the...

Managerial economics, which seeks to use microeconomic principles to solve managerial problems, has become firmly established in business curricula, particularly at the MBA level. Surveys of MBA directors and MBA alumni, however, have indicated that managerial economics tends to be an unpopular...

According to the invariance hypothesis, the allocation of players in sports leagues is the same, regardless of who owns their property rights. However, when a player moves to a new team, the absolute quality of the new team increases while the absolute quality of the former team decreases. This...

Economic organization literature suggests that property rights assignment affects employee incentives to shirk. Specifically, when firms own employee property rights, the rents from increased effort accrue to the employer and encourage shirking. Applied to major league baseball (MLB), this...