Home Safe: No‐Trade Clauses and Player Salaries in Major League Baseball
研究了美国职业棒球大联盟中不可交易条款对球员薪资的影响，发现球员在获得不可交易条款时可能同时争取更高薪资，但长期合同会限制这种效应。
In this study, we examine the wage effects of no‐trade clauses in Major League Baseball. Using an accepted player salary equation and data from the 2003–2008 seasons, we find evidence that there is a trade‐off between monetary compensation and the risk reduction provided by a no‐trade clause. The results suggest that players may be able to simultaneously negotiate for a no‐trade clause and higher salaries, but this is constrained when players also seek to guarantee their income stream with long‐term contracts.