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Working Papers

Leveling the paying field: The distributional impact of salary caps on player compensation

Working paper available upon requestRevisions requested.

How does a salary cap impact (i) superstar compensation and (ii) the distribution of player compensation across a league? Using ticket price data from the NBA, I estimate player market values based on observed talent and compare them to their observed salaries. First, I find that players receive a significantly smaller share of league revenues than the sum of their market values. Next, the ratio of actual to expected salary is 1-21% for the most talented players, primarily resulting from a maximum contract threshold. This results in the top 20th percentile of talented players subsidizing the bottom 80%. The findings have important implications for the structure of compensation in professional sports leagues as well as bargaining among players and between players and team governors.

In Progress

Entertainment Demand from Expectations

(with Oskar Zorrilla). Previously circulated under the title "Entertainment Utility from Skill and Thrill."


The impact of sugar-sweetened beverage taxes on consumption: evidence from a multi-city synthetic control approach

(with Justin White, Sanjay Basu, Kristine Madsen, Dean Schillinger, and Sofia B. Villas Boas).


Evaluation of the sugar-sweetened beverage tax in Oakland, United States, 2015-2019: A quasi-experimental and cost-effectiveness study

(with Justin White, Sanjay Basu, Kristine Madsen, Dean Schillinger, and Sofia B. Villas Boas).

Environmental regulation, market structure, and intellectual property

(with David Zilberman).


Welfare impact of adopting a high-yield cocoa tree in West African countries

(with Felipe de Figueredo Silva, Hamza HusainMatthew D. Potts, and David Zilberman).


Are consumers willing to pay to avoid price uncertainty? Evidence from the vehicle leasing market

(with Andy Hultgren and Derek Wolfson). 

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