The authors analyze the promotion, demotion, and turnover of pitchers in baseball's minor leagues-a labor market for which exceptionally good data on performance are available-in the years 1975-88. They find that the time between a player's assignment to one league and promotion or demotion to...

The authors analyze the promotion, demotion, and turnover of pitchers in baseball's minor leagues—a labor market for which exceptionally good data on performance are available—in the years 1975–88. They find that the time between a player's assignment to one league and...

This article provides an empirical analysis of the practices used in referrals of legal work made by one lawyer to another. I examine a major change in referral practices that has evidently been caused by four important changes in the market for lawyers -- the innovation of advertising by...

This article provides an analysis of the baseball draft. The objective is to determine whether the ability to recognize talent, that is, a player who will reach the major leagues, varies with the position of the player across different baseball clubs or with the level of schooling attained by...