Prior research has produced conflicting evidence of racial profiling during traffic stops. We instead analyze rates of case dismissal against felony arrestees by race. Superficial bias based on "unobservables" should be reduced because of the evidentiary requirements and nonnegligible costs of...

Long-term deals are one tool that both players and franchises use to manage risk. That tool has been much discussed and empirically tested with respect to player shirking, and has more briefly, and only theoretically, discussed with respect to reducing variance in future payrolls. Our work looks...

In our 2006 paper, we examined the implications of Michael Lewis’ book for the labor market in Major League Baseball. Our tests provided econometric support for Lewis’ claim of mis-pricing in the baseball labor market’s valuation of batting skills. We also found suggestive evidence that...

Using a panel of Major League Baseball team attendance data for the period 1950 to 2003, the authors determined that after controlling for team quality and other factors, a new modern era ballpark adds 22 to 30 percent to total attendance over a 10-year period and, on average, generated...

Michael Lewis's book, <i>Moneyball</i>, describes how an innovative manager working for the Oakland Athletics successfully exploited an inefficiency in baseball's labor market over a prolonged period of time. We evaluate Lewis's claims by applying standard econometric procedures to data on player...

Using panel data of MLB team attendance from 1950 to 2002, we determined that the attendance “honeymoon†effect of a new stadium—after separating quality-of-play effects—increases attendance by 32% to 37% the opening year of a new stadium. Attendance remains above...