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Lotteries, inequality, and market imperfection: Galor and Zeira go gambling

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  • Thomas Gall

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File URL: http://hdl.handle.net/10.1007/s00199-006-0171-x
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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 34 (2008)
Issue (Month): 2 (February)
Pages: 359-382

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Handle: RePEc:spr:joecth:v:34:y:2008:i:2:p:359-382

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Web page: http://link.springer.de/link/service/journals/00199/index.htm

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Related research

Keywords: Poverty trap; Credit market imperfections; Investment indivisibility; Lotteries; O16; D51; D31;

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References

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  1. Stergios Skaperdas, 1996. "Contest success functions (*)," Economic Theory, Springer, vol. 7(2), pages 283-290.
  2. Marshall, John M, 1984. "Gambles and the Shadow Price of Death," American Economic Review, American Economic Association, vol. 74(1), pages 73-86, March.
  3. Galor, Oded & Zeira, Joseph, 1988. "Income Distribution and Macroeconomics," MPRA Paper 51644, University Library of Munich, Germany, revised 01 Sep 1989.
  4. Thomas Garrett, 2001. "An International Comparison and Analysis of Lotteries and the Distribution of Lottery Expenditures," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(2), pages 213-227.
  5. Julie Berry Cullen & Steven D. Levitt, 1999. "Crime, Urban Flight, And The Consequences For Cities," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 159-169, May.
  6. Garratt, Rod & Marshall, John M, 1994. "Public Finance of Private Goods: The Case of College Education," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 566-82, June.
  7. Ghatak, Maitreesh & Morelli, Massimo & Sjostrom, Tomas, 2001. "Occupational Choice and Dynamic Incentives," Review of Economic Studies, Wiley Blackwell, vol. 68(4), pages 781-810, October.
  8. Ng Yew Kwang, 1965. "Why do People Buy Lottery Tickets? Choices Involving Risk and the Indivisibility of Expenditure," Journal of Political Economy, University of Chicago Press, vol. 73, pages 530.
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Cited by:
  1. Thomas Gall & Paolo Masella, 2012. "Markets and jungles," Journal of Economic Growth, Springer, vol. 17(2), pages 103-141, June.
  2. Thomas Gall & Paolo Masella, 2007. "A Tale of Markets and Jungles in a Simple Model of Growth," JEPS Working Papers 07-004, JEPS.
  3. Lea Cassar, 2007. "Convergence, Inequality and Education in the Galor and Zeira Model," Rivista di Politica Economica, SIPI Spa, vol. 97(6), pages 229-254, November-.

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