Academics

Kent R. Grote
Lecturer
Economics and Business

Phone 847-735-5196
E-mail grote@lakeforest.edu
Web http://campus.lakeforest.edu/grote/

Specialization
Industrial Organization
Public Policy

Interests
Government Regulation and Bureaucracy
State Lotteries 

Education
Ph.D. George Mason University
M.A. University of Cincinnati
B.A. Doane College

Courses Taught 
Investment Analysis
Industrial Organization
Econometrics
Intermediate Macroeconomics
Intermediate Microeconomics
Finance
Business and Government
Statistics
Principles of Economics

Publications
“Gamblers’ Love for Variety and Substitution among Lotto Games,” (with Victor Matheson), Journal of Gambling Business and Economics , forthcoming.

“Examining the ‘Halo Effect’ in Lotto Games,” (with Victor Matheson), Applied Economics Letters, forthcoming.

“In Search of a Fair Bet in the Lottery,” (with Victor Matheson), Eastern Economic Journal 32.4 (Fall 2006), 672-84

“Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?” (with Victor Matheson) Atlantic Economic Journal, 34:1(March 2006), 85-100.

“Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?” (with Victor Matheson) Atlantic Economic Journal, 34:1, forthcoming, March 2006.

“In Search of a Fair Bet in the Lottery,” (with Victor Matheson), Eastern Economic Journal forthcoming.

“Rationality and Efficiency in Lotto Games,” (with Victor Matheson), Information Efficiency in Betting Markets, Leighton Vaughan-Williams, ed., (London: Cambridge University Press, 2005).

“Lotto Fever!  Do Lottery Players Act Rationally Around Large Jackpots?” (with Victor Matheson) Economics Letters, Volume 84:2 (April 2004), 233-237.

“Jacking up the Jackpot: Are Lotto Consumers Fooled by Annuity Payments?” (with Victor Matheson) Public Finance Review, 31:5 (September 2003), pp. 550-67.

Presentations and Invited Papers:
“Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?” co-authored with Victor Matheson and presented at the 2004 International Atlantic Economic Society meetings.

“Lotto Fever!  Do Lottery Players Act Rationally Around Large Jackpots?” co-authored with Victor Matheson and presented at the 2003 Academy of Economics and Finance Annual Meeting.

“Theories of Bureaucracy: A Comparative Analysis,” presented at the 2002 Academy of Economics and Finance Annual Meeting.

“In Search of a Fair Bet in the Lottery,” co-authored with Victor Matheson and presented at the 2001 Fall Illinois Economic Association Meetings.

Invited Talks
"Theories of Bureaucracy: A Comparative Analysis," presented at the Academy of Economics and Finance Annual Meeting, February 2002. "In Search of a Fair Bet in the Lottery," co-authored with Victor Matheson and presented at the Illinois Economic Association Meetings, October 2001.