A model for strategic behaviour in parimutuel gambles with unequal winning-probabilities is developed and applied to gambles based on soccer results. Assuming that the bookmakers' quotas reflect the true probability of each possible result of a soccer game, we are able to derive a formula for...

The relation between mobility and earnings is investigated for the Russian factors estimated for 1998. Mobility does not boost income relative to job stayers. The exception from this Russian labor market rule is formed by the small group of academics and managers. The gender gap of about 30% may...