SPATIAL ECONOMETRICS IN NONSPATIAL SETTINGS

Kevin E. Henrickson and Ryan Langrill

Review of Applied Economics, 2013, vol. 09, issue 01-2

Abstract: In this paper, we use data from Major League Baseball between 2000 and 2005 to illustrate how spatial econometric techniques can be used to directly model the interdependence of players. Specifically, we empirically examine the role of task specific human capital on earnings, by modeling player contracts as being determined by their performance, and the performance of other players with similar task specific human capital profiles. Our approach also provides an example to other researchers of a methodological approach to using spatial econometrics in settings where space is defined in ways other than spatial geography.

Keywords: Industrial Organization; Labor and Human Capital (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:reapec:264589

DOI: 10.22004/ag.econ.264589

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