Question: The commonwealth of Massachusetts recently ran an advertising campaign for
The commonwealth of Massachusetts recently ran an advertising campaign for testate lottery that claimed, “Even when you lose, you win.” The gist of the advertisement was that lottery revenue was used for particularly good ends like education. Suppose that lottery revenues are indeed earmarked for education. How would traditional economic theory evaluate the claim behind the ad campaign? How would an economist who believed in the flypaper effect evaluate it?
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