Savings and Lottery: An Historical Approach (Le Mariage Efficace De L'Épargne Et Du Jeu: Une Approche Historique)
19 Pages Posted: 7 Jun 2009 Last revised: 8 Jul 2009
Date Written: May 26, 2009
This paper proposes an historical analysis of lottery linked financial assets. We show that these kind of assets are very famous and are able to raise a huge amount of money even when their expected return is relatively low. In some cases, they can be considered as a really cheap source of fund. In this study, we learn about these historical experiences while underlining how these lottery linked financial assets could be used to develop public savings.
Note: Downloadable document is in French.
Keywords: jeu, épargne, asymétrie positive, Ancien Régime
JEL Classification: G20, B15
Suggested Citation: Suggested Citation