May the Best Team Win
Subtitle: Baseball Economics and Public Policy
Publisher: Brookings Institution Press
Published: March 5, 2003
Language: eng
Format: Hardcover
Number of pages: 224
ISBN-13: 9780815797289
Subjects: Baseball; Economics; Public Policy - Economic Policy; Economic aspects; Business & Economics; Business / Economics / Finance; Major League Baseball (Organiz; Business/Economics; Law and legislation; Economics - General; Baseball - General; Industries - General; United States; Antitrust law
First sentence: Many would say that the baseball industry had much to celebrate on November 6, 2001.
Description: "Since 1922 MLB has benefited from a presumed exemption from the nation's antitrust laws. It is the only top-level professional baseball league in the country, and each of its teams is assigned an exclusive territory. Monopolies have market power, which they use to derive higher returns, misallocate resources, and take advantage of consumers. Major league baseball is no exception." "In May the Best Team Win, Andrew Zimbalist provides a critical analysis of the baseball industry, focusing on the abuses and inefficiencies that have plagued the game since the 1990s, when franchise owners appointed their colleague Bud Selig as MLB's "independent" commissioner." "Run by a shrinking and self-selecting group of owners subject to no oversight, MLB suffers from a lack of competitive pressure. Several large franchises are owned by media companies that have shackled their teams to lucrative broadcast and cable contracts - often making it impossible for fans to see games on television. Others own entities that do business with the teams, charging inflated prices for facility management, concessions, and catering. Complex intracompany transactions can reduce franchise revenues substantially, causing operating losses for teams while the owners still make millions."--Jacket.