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An In-Class Experiment to Teach Marginal Revenue Product Using the Baseball Labor Market and Moneyball

Jadrian Wooten () and Dustin White ()

Journal of Economics Teaching, 2018, vol. 3, issue 1, 115-133

Abstract: We describe a class project exploring principles of marginal revenue product and labor markets through the professional baseball labor market. No prior knowledge of baseball is...

Keywords: labor; intermediate; MRP; marginal revenue; sports (search for similar items in EconPapers)
JEL-codes: A21 A22 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:jtc:journl:v:3:y:2018:i:1:p:115-133