The authors use a stochastic general-equilibrium model to study the efficiency of introducing and taxing lotteries. They calculate the efficiency gains from introducing an untaxed lottery, the efficiency gains from introducing a taxed lottery of the type observed in a typical state, and the...

Discrimination's dynamic nature means that no single theory, method, data or study should be relied upon to assess its magnitude, causes, or remedies. Despite some gains in our understanding, these remain active areas of debate among researchers, practitioners and policymakers. The specially...