In Greece a lotto game has been offered since 1990 whereas a new version was introduced seven years later with a clearly more skewed payoff. This paper aims to analyze whether demand estimates from the original game help explain the subsequent innovation and to assess, in that sense, the...

Estimates of both a traditional demand equation in effective price and a more recent demand equation in jackpots indicate that the Greek operator definitely misprices his product contrary to the existing international evidence on operators pricing more or less correctly their lotteries....

Is it possible, a company that is enlisted on the stock market which by definition seeks primarily to increase profits and to protect the investor’s interests, instead to protect consumers from the services offered by itself. This public service provided would it not conflict its operation as...

Is it possible, a company that is enlisted on the stock market which by definition seeks primarily to increase profits and to protect the investor's interests, instead to protect consumers from the services offered by itself? This public service provided would it not conflict its operation as a...