Faculty Publications
The New York Yankees Cope With The Great Depression
Document Type
Article
Journal/Book/Conference Title
Enterprise and Society
Volume
9
Issue
4
First Page
816
Last Page
840
Abstract
The New York Yankees donated their financial records to the National Baseball Hall of Fame. These records provide a rare glimpse into the business of professional team sports. I use these records to examine how the Yankees' management reacted to the Great Depression. Since the team possessed both price-setting power over ticket prices and monopsony power over player salaries, how did the team adjust ticket prices and salaries in response to the falling incomes of its customers and general deflation of the early 1930s? How did the team's response differ from other teams in Major League Baseball?
Department
Department of Economics
Original Publication Date
12-1-2008
DOI of published version
10.1093/es/khn081
Recommended Citation
Surdam, David G., "The New York Yankees Cope With The Great Depression" (2008). Faculty Publications. 2364.
https://scholarworks.uni.edu/facpub/2364
