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...

American League batters have been hit by pitches 10 percent to 15 percent more frequently than National League batters since the designated hitter rule was introduced in 1973. This evidence is consistent with the idea that the American League's adoption of the designated hitter rule created a...

The authors' purpose is to examine certain institutional features of government that may facilitate the wealth transfer associated with the taxation of consumption. In particular, they argue that where entry barriers into politics are high, government will tend to rely more heavily on...

This paper investigates the determinants of legal change in a public choice framework. An empirical model explaining the timing and probability of decisions to adopt state-operated lotteries is developed. Employing a Tobit estimator and explicitly considering the effects of state-specific...