Stee-rike four! What's wrong with the business of baseball? edited by Daniel R. Marburger praeger press, 1997, 218 pp.

Abstract

This is a review of a 14-article volume edited by Daniel R. Marburger. These articles examine such topics as collective bargaining, player salaries, antitrust issues, and the problems of and future prospects for baseball. Major league baseball is an unregulated monopolist whose plant (stadium) is government-subsidized and whose unionized workers (players) share the monopoly profit with management. This sharing has led to considerable labor strife including strikes and lockouts. The major issues discussed in the book include the competitive imbalance as a result of large differences in team revenues, the player salary cap, and revenue sharing. The principal conclusions of the book include the marginal economic impact and benefits of a team on a city and the need to permit low-revenue teams to migrate.