The typical gambler loses money but continues to gamble nonetheless. Why? Research from orthodox and behavioral economics, psychology, sociology, and medicine has offered a wide range of possible explanations. This paper reviews these explanations. The evidence is organized according to the...

Higher education is subsidized worldwide, although with pronounced differences in levels of subsidization. While public funds account for about 90% of universities budgets in Scandinavian countries, the share of public funds in Great Britain and the US is less that 30%. Subsidization is...

Purpose – Companies have to assess the benefit of supplier innovation before realization. The specific situation of supplier innovation differs from conventional innovation evaluation because a supplier innovation refers to a subproduct for which the supplier is responsible. To date, supplier...