During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access to sources of legalised gambling, leading to bumper revenues for the institutions involved. Naturally enough, this has led to an increased interest in the area of the economics of betting.
This book addresses the issues raised by the continued growth of the gambling sector. How can we model the behaviour of people who seemingly act irrationally? What are the implications of different tax policies with regard to gambling? Are casinos capable...
During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access...
Since the rational expectations revolution in macroeconomics, the subject has evolved in a major way, adopting the principles behind the revolution and building on them in spectacular fashion. In this thoroughly revised and updated second edition, the authors provide a complete and up-to-date textbook designed to guide students through the mathematical and conceptual maze of modern macroeconomics. The updated second edition includes: * Explanation of the historical development of the subject * Introduction to traditional macro-classical/adaptive expectations * Demonstration of...
Since the rational expectations revolution in macroeconomics, the subject has evolved in a major way, adopting the principles behind the revolution an...
Since the rational expectations revolution in macroeconomics, the subject has evolved in a major way, adopting the principles behind the revolution and building on them in spectacular fashion. In this thoroughly revised and updated second edition, the authors provide a complete and up-to-date textbook designed to guide students through the mathematical and conceptual maze of modern macroeconomics. The updated second edition includes: * Explanation of the historical development of the subject * Introduction to traditional macro-classical/adaptive expectations * Demonstration of...
Since the rational expectations revolution in macroeconomics, the subject has evolved in a major way, adopting the principles behind the revolution an...
