File and Trial: Examining Valuation and Hearings in MLB Arbitration
This article was published in the Spring 2019 Baseball Research Journal.
The 2018 season was certainly an interesting one in the American League East. The Boston Red Sox put forward a historically strong championship team and the New York Yankees followed up their 2017 ALCS campaign with a wild-card finish. However, off the field and in the conference room, the excitement of the division began well before Opening Day. Here, in the realm of arbitration, three cases illustrate the peculiarities of a financial system suffused with new trends, uncertainty, and risk aversion. . . .
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