both on team performance and efficiency, using data from Major League Baseball(MLB) and a stochastic frontier model with a … semi-parametric estimation we find that high efficiency teams have a lower degree of wage inequality than low efficiency …

This paper proposes novel approaches to measuring team productivity and evaluating trading efficiency in Major League …. Using a portfolio theory framework, we treat MLB teams as portfolios of players (assets), each of which can be defined by an … expected value and variance of their runs per game contribution. Trading efficiency between teams is evaluated given team level …