Faculty Publications

Title

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?

Original Publication Date

12-1-2008

DOI of published version

10.1093/es/khn081

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