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An experimental investigation of the disparity between WTA and WTP for lotteries

Schmidt, Ulrich; Traub, Stefan - In: Theory and decision : an international journal for … 66 (2009) 3, pp. 229-262

Persistent link: https://www.econbiz.de/10003805599

Das Wettmonopol in Deutschland : Status Quo und Reformansätze

Maschke, Mario; Schmidt, Ulrich - 2010

This paper focuses on the legal monopoly for sporting bets in Germany. We analyze the pricing behavior of the monopolist ODDSET and find that typical pricing inefficiencies on betting markets are reinforced under the monopoly. This result in conjunction with the decreasing tax revenue may...

Persistent link: https://www.econbiz.de/10003969386

Das Wettmonopol in Deutschland : status quo und Reformansätze

Maschke, Mario; Schmidt, Ulrich - In: Zeitschrift für Wirtschaftspolitik 60 (2011) 1, pp. 110-123

Persistent link: https://www.econbiz.de/10008990108

Regulierung des Glücksspiels in Deutschland : das Glücksspielgesetz Schleswig-Holsteins und der Glücksspieländerungsstaatsvertrag aus ökonomischer Perspektive

Schmidt, Ulrich; Lima De Miranda, Katharina - 2012

Persistent link: https://www.econbiz.de/10009514943

The utility of gambling reconsidered

Diecidue, Enrico; Schmidt, Ulrich; Wakker, Peter P. - In: Journal of risk and uncertainty : JRU 29 (2004) 3, pp. 241-259

Persistent link: https://www.econbiz.de/10002474995

An experimental investigation of the disparity between WTA and WTP for lotteries

Schmidt, Ulrich (contributor); Traub, Stefan (contributor) - 2006

In this paper we experimentally investigate the disparity between willingness-toaccept (WTA) and willingness-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a lottery when asking the WTP question. Our results show...