Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49...

Researchers in hedonic studies frequently encounter the problems of the choice of functional forms, the use of pooled regression using time dummies vs period to period regression, and the unit of measurement of the product. This article examines these issues through the study of Internet service...

In the last 20 years, the expenditure share of prepackaged software in the national output has grown. The large number of characteristics in computer software make hedonic regression techniques impractical for purposes of controlling for quality changes. In this study, matched model price...