The peculiar scale economies of lotto

Article Abstract:

The economies of scale of the gambling game of lotto are examined. Economies of scale in lotto are generated by the preference for risk, unlike the economies of scale in insurance pools, which are generated by an aversion to risk. Individuals in insurance pools elect to pay a premium to avoid the low probability of a large loss, while individuals who play lotto elect to pay a premium for the opportunity to win a large prize under conditions of low probability.

Economies of scale, Lotto

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Do job rights govern employment patterns in transition economies?

Article Abstract:

Job rights referred to guaranteed employment regardless of employee or company performance. This variable defined employment patterns in the Soviet market as its economy assumed a transition process. The institution of job rights exhibited a significant relationship with the recognition of gender differences during the post-perestroika regime, particularly in terms of employee promotion and career development.

Russia, Job enrichment

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