Power Markets: Transferring Systematic Risk to Lottery Players
This article shows how a state could design a lottery that absorbs some of the financial market's systematic risk. Under this lottery, prizes would be positively correlated with the stock market. This lottery could be a profitable complement to existing state lotteries.
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| Veröffentlicht in: | Public budgeting & finance 2003-06, Vol.23 (2), p.118-133 |
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| container_end_page | 133 |
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| container_issue | 2 |
| container_start_page | 118 |
| container_title | Public budgeting & finance |
| container_volume | 23 |
| creator | Miller, James D. Morey, Matthew R. |
| description | This article shows how a state could design a lottery that absorbs some of the financial market's systematic risk. Under this lottery, prizes would be positively correlated with the stock market. This lottery could be a profitable complement to existing state lotteries. |
| doi_str_mv | 10.1111/1540-5850.2302008 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0275-1100 |
| ispartof | Public budgeting & finance, 2003-06, Vol.23 (2), p.118-133 |
| issn | 0275-1100 1540-5850 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_20719580 |
| source | PAIS Index; Worldwide Political Science Abstracts; EBSCOhost Business Source Complete; Access via Wiley Online Library; Political Science Complete |
| subjects | Correlation analysis Lotteries Mathematical models Popularity Professional football Profits Risk Securities markets Statistical data Studies |
| title | Power Markets: Transferring Systematic Risk to Lottery Players |
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