Todd C. Gronewald - Honors in Economics
The Market for Player Talent: Two Essays on the Supply of Labor and
Performance in Team Sports
I used baseball and English soccer as the team sports of choice in order to analyze the market for player talent. The purpose of the baseball essay is to determine the true reasoning behind integration in the late 1940's. To do so, I used attendance data to see how fans reacted to the inclusion of black players. I also determined the marginal impact that black players had on the number of wins that a team earned. In the soccer essay, I used the existent transfer market to determine the impact that the level of vertical integration has on the number of points that a team earns, i.e., whether it is better to train players or to buy them in the intermediate market.