Previous research neglects to consider additional sources of moral hazard in baseball beyond the designated hitter (DH) rule. Using a game-level analysis similar to Bradbury and Drinen (2006), the authors find that an additional National League (NL) relief pitcher leads to more hit batsmen than...

In economics experiments, the use of hypothetical incentives is generally restricted to classroom examples; however hypothetical incentives have a clear cost-saving appeal. Although some published experiments have been conducted under the assumption that people act in the same manner with...

This paper is the first to investigate the relationship between think tanks and economic policy empirically. We use panel data for the US states to examine state-based, free market (SBFM) think tanks’ relationship to eight key economic policy objectives. We find little evidence that SBFM think...

This paper is the first to investigate the relationship between hate groups and hate crime empirically. We do so using panel data for the U.S. states between 2002 and 2008. Contrary to conventional wisdom, we find little evidence that hate groups are associated with hate crime in the United...

This paper is an analysis of the demand for thoroughbred racetrack wagers, examining evidence that would support the existence of two types of bettors: the risk-averse informed bettor versus the uninformed bettor. Looking at 12 major racetracks over the fall of 2002, we undertake an empirical...

Previous studies point to a generally efficient baseball betting market with no profitable betting strategies. However, failure to consider the time of year in which the bets are placed neglects differences in available information throughout the season. This analysis largely confirms the...

Previous studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades. These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed. Differences in available...