摘要(英) |
This research uses the data of 210 samples in MLB from 2011 to 2017, exploring the impacts of the pitcher’s salary on team performance. The first step estimation using data envelopment analysis(DEA) shows that Total Payroll as one input items and select Win Percentage and Home Attendance Percentage as two outputs items, exploring the impacts of Pitcher’s salary in MLB and roster development on team performance. The second step Tobit estimation explore that the factor of the echnical efficiency in MLB. The empirical results show that the average technical efficiency is 0.86 in various return to scale (VRS). Regarding the determinate of VRS, we find that Pitcher Payroll Percentage (PPP) and Pitcher payroll are significantly and postively related to technical efficiency ; besides, Earned run average (ERA), Walks Plus Hits per Inning Pitched (WHIP) and Starts significantly and negative related to technical efficiency. Finally, age is insignificantly affecting technical efficiency. |
參考文獻 |
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