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The MLB Free Agency Market and the Market for Lemons Theory

In this article by Michael J. Enz, Jonathan Murphy, and James E. Tienery, the three professors apply George Akerlof’s market for lemons theory to baseball, and specifically the free agency market. Just like Akerlof’s study of the used car markets, MLB free agency is one with plenty of uncertainty surrounding a

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The 2018 MLB “Cold Stove”: Collusion, Free Agency, and Scott Boras.

7 of the top 10 free agents on CBS’s Free Agent tracker this offseason remain unsigned. For the first time ever, there will be 31 “teams” holding spring training camps, the additional one entirely designated to free agents. Over 100 free agents hit the market at the conclusion of the

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