Browsing by Title "The Effect of the Designated Hitter Rule on Hit Batsmen: Pitcher's Moral Hazard or the Team's Cost-Benefit Calculation?: A Comment"
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The Effect of the Designated Hitter Rule on Hit Batsmen: Pitcher's Moral Hazard or the Team's Cost-Benefit Calculation?: A Comment
(Oxford University Press, 1998-10)Goff, Shughart and Tollison [1997] attribute the American League's higher hit-batsman rate since 1973 to moral hazard: pitchers who no longer bat no longer face retaliation. We argue that retaliation is more efficiently ...