The New York Yankees Cope with the Great Depression

  title={The New York Yankees Cope with the Great Depression},
  author={David George Surdam},
  journal={Enterprise \& Society},
  pages={816 - 840}
  • D. Surdam
  • Published 1 December 2008
  • History, Economics
  • Enterprise & Society
The New York Yankees donated their financial records to the National Baseball Hall of Fame. These records provide a rare glimpse into the business of professional team sports. I use these records to examine how the Yankees' management reacted to the Great Depression. Since the team possessed both price-setting power over ticket prices andmonopsony power over player salaries, how did the team adjust ticket prices and salaries in response to the falling incomes of its customers and general… 
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