Racial Discrimination or Statistical Discrimination? MLB Rookie Card Values and Performance Uncertainty
نویسندگان
چکیده
This paper considers racial discrimination in the market for Major League Baseball rookie cards. Merging data from four sources to form a panel containing 6,026 cards released between 1986 and 1993, we explore the determinants of card values in certain and uncertain environments. Our results indicate black players carry a 15 percent premium at initial release, that race effects are not present after playing careers are finished, and that given comparable career accomplishments, prices for black players decline more over time than white players. Collectively, this suggests statistical discrimination influences investor behavior in the baseball card market, which we note is directly linked with a market (MLB labor contracts) where other research has established race effects are present. None of our estimations reveal significant differences between RC prices for white and Hispanic players. (JEL Classification: D81, J15, J71, L83) * University of Oklahoma, 308 Cate Center Drive, Norman, OK 73019 (e-mail [email protected]) † University of North Carolina at Charlotte, 9201 University Center Blvd., Charlotte, NC 28223 (e-mail [email protected]) Preliminary Draft; All comments are welcome.
منابع مشابه
Social Barriers to Cooperation: Experiments on the Extent and Nature of Discrimination in Peru
We present a series of experiments to understand the nature and extent of discrimination in urban Lima, Peru. The experiments exploit varying degrees of information on performance and personal characteristics as people sort into groups to test for statistical versus taste-based discrimination. This allows us to examine the nature of discrimination. Our sample is similar to the racial and socio-...
متن کاملDiscrimination of time series based on kernel method
Classical methods in discrimination such as linear and quadratic do not have good efficiency in the case of nongaussian or nonlinear time series data. In nonparametric kernel discrimination in which the kernel estimators of likelihood functions are used instead of their real values has been shown to have good performance. The misclassification rate of kernel discrimination is usually less than ...
متن کاملTesting for statistical discrimination by race/ethnicity in panel data for depression treatment in primary care.
OBJECTIVE To test for discrimination by race/ethnicity arising from clinical uncertainty in treatment for depression, also known as "statistical discrimination." DATA SOURCES We used survey data from 1,321 African-American, Hispanic, and white adults identified with depression in primary care. Surveys were administered every six months for two years in the Quality Improvement for Depression (...
متن کاملBias in the legal profession: Self-assessed versus statistical measures of discrimination
Bias in the Legal Profession: Self-Assessed versus Statistical Measures of Discrimination Legal cases are generally won or lost on the basis of statistical discrimination measures, but it is workers’ perceptions of discriminatory behavior that are important for understanding many labor-supply decisions. Workers who believe that they have been discriminated against are more likely to subsequentl...
متن کاملIs There A Taste For Racial Discrimination Among Employers?
Research on employers’ hiring discrimination is limited by the unlawfulness of such activity. Consequently, researchers have focused on the intention to hire. Instead, we rely on a virtual labour market, the Fantasy Football Premier League, where employers can freely exercise their taste for racial discrimination in terms of hiring and firing. The setting allows us to eliminate co-worker, consu...
متن کامل