Motivating long-term employment contracts: risk management in major league baseball

Article Abstract:

A theoretical model showing that firms have an incentive to reallocate risks in terms of market and employee's productive uncertainty with long-term contracts is presented. Practical results from the major league baseball using this model have proved to be in consistence with the observation of long term contracts.

Contracts & orders received, Contracts & orders let, Contracts, Contract agreement, Labor contracts, Baseball players, Labour contracts, Maxcy, Joel

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Strategic measure of competitiveness for ranked data

Article Abstract:

A method of evaluating the stability of ranks of a data vector over time is offered. The degree of competition among the top four seeds over time at a major tennis tournament and the changing trends of the competition are also discussed.

Vector spaces, Vectors (Mathematics), Rohm, Andrew J., Chaterjee, Sangit, Habibullah, Mohamed

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