COMPETITIVE BALANCE AND FREE AGENCY IN THE NATIONAL ...
Rottenberg (1956) measured CB in major league baseball (MLB) by counting the number of league pennants that each team had won during the 1920-1951 seasons. Measures of dispersion of wins or championships are also common on the literature. One such measure was proposed by Noll (1988) and first applied by Scully (1989). ................
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