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The aggregate Le Chatelier Samuelson principle with Cournot competition

Koebel, Bertrand M.; Laisney, François - 2010

This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this...

Persistent link: https://www.econbiz.de/10010299963

Die Markenstrategie des Deutschen Lotto-Toto-Blocks unter dem Einfluss des Bundesverfassungsgerichts

Albers, Norman - 2008

. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …

Persistent link: https://www.econbiz.de/10010265651

Gambling and the use of credit: an individual and household level analysis

Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - 2010

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …

Persistent link: https://www.econbiz.de/10010271301

Gamblers' rationality in parimutuel soccer betting: Strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette

Hauser, Ursula; König, Ulrich; Krylova, Elizaveta - 2000

Wir entwickeln ein Modell für strategisches Spielverhalten bei Glücksspielen nach dem Totalisatorprinzip und wenden es auf die Fußballwettspiele Toto und Torwette an. Unter der Annahme, dass Buchmacherquoten die wahren Ausgangswahrscheinlichkeiten der betreffenden Fußballspiele reflektieren,...

Persistent link: https://www.econbiz.de/10010292739

Do Consumers Gamble to Convexify?

Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2013

who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …

Persistent link: https://www.econbiz.de/10010500250

Seven years later: Casinos in the aftermath of the 2005 Gambling Act

Snowdon, Christopher - 2012

A new IEA publication explores the case for deregulating the gambling marketExecutive summary:The 2005 Gambling Act was … intended to modernise gambling in the United Kingdom by replacing the anachronistic 1968 Gaming Act with legislation better … these were limited to specified towns and regions. Gambling machines and jackpots were also strictly limited.The Blair …

Persistent link: https://www.econbiz.de/10015334236

Using firm optimization to evaluate and estimate returns to scale

Gorodnichenko, Yuriy - 2008

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...

Persistent link: https://www.econbiz.de/10010268849

The Elasticities of Complementarity and Substitution

Broer, Peter - 2004

This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...

Persistent link: https://www.econbiz.de/10010325495

Returns-to-scale properties in DEA models: The fundmantal role of interior points

Krivonozhko, Vladimir; Førsund, Finn R. - 2009

Attempts can be found in the DEA literature to identify returns to scale at efficient interior points of the production possibility set on the basis of returns to scale at points of the corresponding reference sets. However, an opposite approach is put forward in this paper, advocating that...

Persistent link: https://www.econbiz.de/10010285619

A general index of inherent risk

Schnytzer, Adi; Westreich, Sara - 2009

We extend the pioneering work of Aumann and Serrano by presenting an index of inherent riskiness of a gamble having the desirable properties of their index, while being applicable to gambles with either positive or negative expectations. As such, our index provides a measure of riskiness which...

Persistent link: https://www.econbiz.de/10010336009