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Persistent link: https://www.econbiz.de/10011696576
The means of contest design may include differential taxation of the prize. This paper establishes that, given a revenue-maximizing contest designer who faces a balanced-budget constraint, the optimal taxation scheme corresponding to an all-pay auction is appealing in two senses. First, it...
Persistent link: https://www.econbiz.de/10010280823
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
. 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
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
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
Data on institutional saving in US higher education have not been available until now, yet they are useful in several ways. They describe how various types of schools are doing financially, and whether their present behavior is sustainable. They complete the picture of sources and uses of...
Persistent link: https://www.econbiz.de/10010263378
The U.S. banking industry is steadily increasing its reliance on nontraditional business activities that generate fee income, trading revenue, and other types of noninterest income. This paper assesses potential diversification benefits from this shift. At the aggregate level, declining...
Persistent link: https://www.econbiz.de/10010283402
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
Given the marked reduction in the number of banks in Germany during recent years, the study estimates competitive behavior in the German banking system by applying an empirical method developed by Panzar and Rosse (1987). By estimating the banks' reduced form revenue functions, the sums of their...
Persistent link: https://www.econbiz.de/10010295721