Political reputation models feature forward-looking, rational voters who re-elect incumbents based on their estimate of an incumbent's ability level. Fiscal policy is one of the ways an incumbent establishes a reputation and thereby signals this ability level to voters. The reputation-building...

Krautmann contends that Scully’s method for estimating the marginal revenue products of baseball players using team revenues is flawed. Krautmann suggests an alternate method that uses free-agent salaries to impute players' revenue contributions. The Scully method has its weaknesses;...

Past studies estimating the marginal revenue products of baseball players have assumed individual players' hitting performances to be independent of teammate spillovers. However, the baseball community's widely held belief in “protectionâ€â€”that a good (bad) player can improve...