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Full-Text Articles in Social and Behavioral Sciences
Examining The Halo Effect In Lotto Games, Victor Matheson, Kent Grote
Examining The Halo Effect In Lotto Games, Victor Matheson, Kent Grote
Economics Department Working Papers
The "Halo Effect" occurs when lotto ticket sales are unexpectedly high following a large jackpot. An examination of the Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for new tickets.
Have Public Finance Principles Been Shut Out In Financing New Sports Stadiums For The Nfl In The United States?, Victor Matheson, Robert Baade
Have Public Finance Principles Been Shut Out In Financing New Sports Stadiums For The Nfl In The United States?, Victor Matheson, Robert Baade
Economics Department Working Papers
Over the past 15 years, new stadiums in the National Football League have been built at an unprecedented rate, and most new facilities have utilized significant public funds. This paper looks at whether the methods used to finance these new facilities honored public finance principles regarding equity, efficiency, and transparency. An examination of the 20 NFL stadiums constructed or refurbished since 1992 reveals a trend towards more voter referendums and an increase reliance on taxation of visitors through hotel and rental car taxes. Although taxation of persons living outside one’s own metropolitan area is appealing, this paper suggests that the …