Pay, Performance, and Competitive Balance in the National Hockey League

David Richardson ()
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David Richardson: Department of Economics, St. Lawrence University

Eastern Economic Journal, 2000, vol. 26, issue 4, 393-417

Abstract: This paper uses data from the National Hockey League to address several issues that arise in the economic analysis of a professional sports league. Data on players' salaries reveal substantial growth in average salary and a steady increase in the dispersion of salaries between 1989-90 and 1995-96. Marginal revenue products, computed for 520 players in the 1993-94 season, are used to test hypotheses about the relationship between pay and performance and to measure the effect of free agency. Several measures of competitive balance are employed to investigate the proposition that team playing strength is invariant with respect to institutional changes.

Keywords: Professionals; Sports (search for similar items in EconPapers)
JEL-codes: J44 L83 (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:26:y:2000:i:4:p:393-417

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