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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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:jtc:journl:v:3:y:2018:i:1:p:115-133

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