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on Sports and Economics |
| By: | Victor Matheson (Department of Economics, College of the Holy Cross); Kent Grote (Department of Economics and Business, Lake Forest College) |
| Abstract: | This paper considers the whether offering multiple lotto games within a state by joining a multi-state lottery increases total ticket sales compared to offering a single state game. The question is considered from two different perspectives, which both lead to the conclusion that states do tend to benefit from increased ticket sales overall by joining a multi-state lottery association. There is, however, a noted difference in the magnitude of that effect depending on the size of the average jackpots of the previously existing state games. |
| Keywords: | lotto, lottery, public finance, gambling |
| JEL: | D81 H71 L83 |
| Date: | 2006–09 |
| URL: | http://d.repec.org/n?u=RePEc:hcx:wpaper:0609&r=spo |
| By: | Selvaggi, Marianao; Vasconcelos, Luis |
| Abstract: | We examine the impact of agreements that prohibit "superstars" from switching their services to rivals on firms' ability to collude. Exclusivity (or non-compete) clauses are not uncommon in the sports,entertainment and professional services industries, but courts often refrain from enforcing them owing to inequity and/or restraint of trade considerations. We argue this attitude may be misguided. While in the collusive path exclusion may be inconsequential because firms agree not to hire each other's star, its enforcement level aspects the severity of future punishments. For exclusive talent may not be poached by rivals. The ability to sustain tacit collusion may thus be impaired, which in plausible constellations leads to efficiency improvements and more equitable distribution of rents. |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:unl:unlfep:wp496&r=spo |