Dynasties versus pennant races: competitive balance in major league baseball

Anthony C. Krautmann and Lawrence Hadley
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Anthony C. Krautmann: Department of Economics, DePaul University, Chicago, IL 60604, USA, Postal: Department of Economics, DePaul University, Chicago, IL 60604, USA
Lawrence Hadley: Department of Economics, University of Dayton, Dayton, OH 45469, USA, Postal: Department of Economics, University of Dayton, Dayton, OH 45469, USA

Managerial and Decision Economics, 2006, vol. 27, issue 4, pages 287-292

Abstract: This paper examines the impact of competitive balance on attendance in Major League Baseball. Two types of competitive balance are included in a single-equation model of attendance: intra-seasonal balance and inter-seasonal balance. The metric used to calibrate the first is the ratio of the actual standard deviation of season win percents divided by the ideal standard deviation. Inter-seasonal balance is calibrated with Markov transitional probabilities of teams making the playoffs in consecutive seasons. The results indicate that intra-seasonal balance does not significantly impact attendance, and that inter-seasonal balance has significant but small impacts on attendance in the American League. Copyright © 2006 John Wiley & Sons, Ltd.

Date: 2006
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