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With the passage of the Internet Gambling Ban of 2006, Congress envisioned a complete prohibition on online poker and … online gambling in general. Instead, this hastily passed law has created more confusion than it has cured. By failing to … acknowledge jurisdictional problems associated with this law, Congress has left several loopholes that allow online gambling to …
Persistent link: https://www.econbiz.de/10014050226
Climate change is a serious issue that has become a heated topic of debate among the nation states. It is not only an environmental problem, but an international problem per se. The present study discusses in very general the complexity of climate change and how it has been approached by nation...
Persistent link: https://www.econbiz.de/10014190865
Why do politicians sometimes pursue policies with uncertain outcomes? We present a model in which politicians are unable to pre-commit to a status quo policy, and where investors and voters face a conflict over the division of output. Politicians may deviate from the status quo and pursue risky...
Persistent link: https://www.econbiz.de/10012173547
This paper offers evidence from two very different settings consistent with individual investors substituting between playing the lottery and playing the stock market. In the U.S., increases in the multi-state lottery jackpots Powerball and Mega-Millions are associated with significant...
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This paper shows that households with positional concerns and convex status utility use gambling to attempt … results strongly indicate that households who care about status are more likely to participate in gambling and invest more in … gambling, while they save less. …
Persistent link: https://www.econbiz.de/10010240591