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A Hedonic Model of Player Wage Determination from the Indian Premier League Auction#

Liam Lenten (), Wayne Geerling () and Laszlo Konya ()

No 2010.04, Working Papers from School of Economics, La Trobe University

Abstract: A range of cross-sectional models are estimated with a view to establishing the factors that determine the valuation of professional athletes in a highly-specialised sport, with an application to crickets Indian Premier League (IPL). We distinguish between personal characteristic and playing ability factors, and with respect to the former, between ability in different forms of the sport. We find a number of interpretable variables that have explanatory power over auction values, while decomposition according to batting and bowling specialisations produces very different results depending on the use of either Test or One-Day International (ODI) variables. There is also possible evidence of inefficient bidding, insofar that overbidding was somewhat correlated with players with higher realised values.

Keywords: Demand for Sport; Cricket; Auctions; Cross-section Models; Labour Demand EDIRC Provider-Institution: RePEc:edi:smlatau (search for similar items in EconPapers)
JEL-codes: C21 D44 L83 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2010
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