Goff, Brian L; Shughart II, William F; Tollison, Robert D - In: Economic Inquiry 36 (1998) 4, pp. 688-92
New evidence seems to cast doubt on the hypothesis that the American League's adoption of the designated hitter rule in 1973 created a moral hazard problem for pitchers. In particular, the substitution of hard-hitting designated hitters for weak-hitting pitchers in the American League supposedly...