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Equity and Efficiency of State Lotteries. Review Essay.
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Cooper, Samuel; Cohn, Elchanan – Economics of Education Review, 1994
Borg, Mason, and Shapiro in "The Economic Consequences of State Lotteries" (Praeger, 1991) argue that the Florida lottery creates an implicit tax that is inequitable and inefficient. These conclusions are unconvincing. Are lotteries really responsible for 35% reductions in pupil spending in lottery states? Additional work by Borg and…
Descriptors: Consumer Economics, Cost Effectiveness, Educational Equity (Finance), Educational Finance