For over three centuries and throughout the globe, people have enthusiastically bought savings products that incorporate lottery elements. In lieu of paying traditional interest to all investors proportional to their balances, these Prize Linked Savings (PLS) accounts distribute periodic...

This thesis investigates individual decision-making in response to government policies, in particular, state lotteries and the welfare "family cap." Despite considerable controversy surrounding the use of state lotteries as a means of public finance, little is known about their consumer...

This thesis investigates forms of non-price competition in the U.S. airline industry. The first two chapters focus on airlines' use of frequent flyer programs (FFPs) while the final chapter considers the entry strategies of "low-cost carriers". FFPs may alter the intensity of competition between...

This paper studies peer-to-peer (p2p) lending on the Internet.Prosper.com, the first p2p lending website in the US, matches individuallenders and borrowers for unsecured consumer loans. Using transactiondata from June 1, 2006 to July 31, 2008, we examine what informationproblems exist on Prosper...

For over three centuries and throughout the globe, people have enthusiastically bought savings products that incorporate lottery elements. In lieu of paying traditional interest to all investors proportional to their balances, these Prize Linked Savings (PLS) accounts distribute periodic...