3,525 research outputs found

    Educating the leaders of tomorrow : the library without walls

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    A description of library services offered to students in distance programs within Canada and Ecuador

    Booms, Busts, and Gambling: Can Gaming Revenues Reduce Budget Volatility?

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    Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling opportunities has been to increase government revenues. Gambling is an attractive source of new government revenues because consumers are relatively insensitive to the implicit “tax” rate imposed on gambling activities and gambling is a voluntary activity; only those who chose to gamble are subject to this implicit tax. In this paper, we document the contribution that gambling revenues make to state and provincial tax receipts, and the extent to which variation in gambling revenues contributes to the volatility of tax revenues over time. We adopt an approach from the finance literature. In finance, the relationship of the return to an individual stock to total return in a portfolio, or total return the entire stock market, is often summarized by a “Beta” which can be estimated from actual returns on portfolios and individual stocks. We investigate the contribution of gambling revenue, and revenue from other sources, to variation in total government revenues, by estimating a beta for various government revenue sources in states and provinces in North America over the period 1989-2009. The estimated betas for gambling revenue in many provinces and states are negative, indicating that variation in gaming revenue has negative correlation with variation in own source revenues, reducing the variation in total state and provincial revenue over time.gambling, lottery, public finance

    In Search of a Fair Bet in the Lottery

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    Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines 18,000 drawings in 34 American lotteries and finds approximately 1 percent of these drawings provided players with a fair bet. If it were possible for a bettor to purchase every possible combination, however, most lotteries commonly experience circumstances where such a purchase would provide a positive return with 11 percent of the drawings providing a fair bet to the player.

    The nature and treatment of trophic pressure sores

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    The development of trophic sores in an analgesic part of the body is a feature of many conditions, medical and surgical. While the vast majority can be prevented by simple methods, the cure of an established, penetrating trophic ulcer is a difficult and taxing problem. Their management merits most careful attention. Experience with paraplegic patients reveals the marked contrast in the maintenance of fair general condition and consequent speedy rehabilitation in those in whom this complication has been avoided and the dreadful, steady, septic deterioration in the untreated or badly treated case.Our experience is based upon the management of a paraplegic unit of 40 beds. While no fundamentally new principles are iterated, it is felt that-since this is the only such unit in southern Africa-experience gained there could well be applied elsewhere in the country

    Educating the leaders of tomorrow : the library without walls

    Get PDF
    A description of library services offered to students in distance programs within Canada and Ecuador

    Booms, Busts, and Gambling: Can Gaming Revenues Reduce Budget Volatility?

    Get PDF
    Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling opportunities has been to increase government revenues. Gambling is an attractive source of new government revenues because consumers are relatively insensitive to the implicit “tax” rate imposed on gambling activities and gambling is a voluntary activity, only those who chose to gamble are subject to this implicit tax. In this paper, we document the contribution that gambling revenues make to state and provincial tax receipts, and the extent to which variation in gambling revenues contributes to the volatility of tax revenues over time. We adopt an approach from the finance literature. In finance, the relationship of the return to an individual stock to total return in a portfolio, or total return the entire stock market, is often summarized by a “Beta” which can be estimated from actual returns on portfolios and individual stocks. We investigate the contribution of gambling revenue, and revenue from other sources, to variation in total government revenues, by estimating a beta for various government revenue sources in states and provinces in North America over the period 1989-2009. The estimated betas for gambling revenue in many provinces and states are negative, indicating that variation in gaming revenue has negative correlation with variation in own source revenues, reducing the variation in total state and provincial revenue over time
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