The Old Ball Game: Organization of Nineteenth Century Professional Base Ball Clubs

The first professional base ball clubs came in two varieties: stock clubs, which paid their players fixed wages, and player cooperatives, in which players shared the proceeds after expenses. We argue that stock clubs were formed with players of known ability, while co-ops were formed with players of unknown ability. Although residual claimancy served to screen out players of inferior ability in co-ops, the process was imperfect due to the team production problem. Based on this argument, we suggest that co-ops functioned as an early minor league system where untried players could seek to prove themselves and eventually move up to wage teams. Empirical analysis of data on player performance and experience in early professional base ball provides support for the theory.

Erster Wiener jüdischer Turnverein

Hugo Spitzer

Die Kischenewer Waisen und die Wiener Kultusgemeinde

Zweig

Chanuka in der Wiener jüdischen Toynbee-Halle

W.

Aktenstücke zur Judenfrage am Wiener Kongress 1814/1815

Nathan Michael Gelber

Can a Newly Proposed Mechanism for Allocating Contracts in U.S. Electricity Wholesale Markets Lead to Lower Prices? A Game Theoretic Analysis

This study of the wholesale electricity market compares the cost-minimizing performance of the auction mechanism currently in place in U.S. markets with the performance of a proposed replacement. The current mechanism chooses an allocation of contracts that minimizes a fictional cost calculated using pay-as-offer pricing. Then suppliers are paid the market clearing price. The proposed mechanism uses the market clearing price in the allocation phase as well as in the payment phase. In concentrated markets, the proposed mechanism outperforms the current mechanism even when strategic behavior by suppliers is taken into account. The advantage of the proposed mechanism increases with increased price competition.

Unveröffentlichte Aktenstücke zur Judenfrage auf dem Wiener Kongreß (1814-15)

Salo Baron

Der jetzige Weltkrieg und die Bibel : Vortrag, gehalten in der Wiener "Urania" am 9. Januar 1915

Moritz Güdemann

Das Wiener Memorbuch in der Klaussynagoge von Fürth

Leopold Löwenstein

Die ersten an der Wiener medizinischen Fakultät promovierten Ärzte jüdischen Stammes

Max Neuburger

Wachstein: Die Inschriften des Wiener Judenfriedhofes [Rezension]

A. Fürst

Die Krise der Wiener Judenschaft

Samuel Krauss

Kochrezepte : Aus der feinen Wiener Küche

Sidonie Rosenberg

Ratgeber für die Küche [Illustration] : Einige feinere Wiener Torten

Scan von Monochrom-Mikroform