Economics 2152A/B Study Guide - Midterm Guide: Production Function
10 Feb 2015
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Document Summary
Customer racial discrimination for baseball memorabilia (1999) article. Analyzed 1992 prices for topps rookie cards issues from 1984-1990. They hypothesized that price is explained by past player performance, expected future performance and possibly race. Gjs (1999) obtained data on topps rookie cards, but from 1972-1982. Look at prices in 1983 and in 1994. If 1983 has a racial component and 1994 does not, then conclude differential treatment is owning. If 1983 and 1994 both have a racial component, differential treatment continues. Neither 1983 nor 1994 has a racial component, then customers do not differentiate among rookies cards. 1983 has no racial component, and 1994 does have a racial component. Column 3 (1994) most of the players are retired when career stats are known, race becomes a negative factor of price. Why ?: racial attitudes develop as players age is not the explaination (look at.
