Kent R. Grote

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Assistant Professor of Economics and Business 

Specialization

Industrial Organization
Public Policy

Interests

Government Regulation and Bureaucracy
State Lotteries 

Education

PhD George Mason University
MA University of Cincinnati
BA Doane College

Courses Taught

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

Publications

“The Impact of State Lotteries and Casinos on State Bankruptcy Filings” (with Victor Matheson), Special Issue of Growth and Change on Casinos, Gambling, and Economic Development, 45:1 (March 2014), 121-35.

“The Economics of Lotteries”  A Review of the Literature,” (with Victor Matheson) in Oxford Handbook on the Economics of Gambling, Leighton Vaughn Williams and Donald Siegel, eds., London:  Oxford University Press (2012).

“U.S. Lotto Markets,” (with Victor Matheson) Handbooks in Finance:  Handbook of Sports and Lottery Markets, Donald B. Hausch and Willima T. Ziemba, eds. North Holland, New York (2008), 503-24.

“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), 672-8.

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

“Rationality and Efficiency in Lotto Games,” (with Victor Matheson), in 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, 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), 550-67.

Presentations and Invited Papers

“The Impact of State Lotteries and Casinos on State Bankruptcy Filings, ” co-authored with Victor Matheson and co-presented at the Gambling Economics Research: New Directions conference in 2012.

“The Impact of State Lotteries on State Bankruptcy Filings,” co-authored with Victor Matheson and presented at the 2012 Southern Regional Science Association meetings.

“The ‘Bailout’: Responsibility versus Rescue?” member of panel discussion on Lake Forest campus, sponsored by the Lake Forest College Ethics Center in October 2008.

“Spreading the Fortune:  The Distribution of Lottery Prizes across Countries,” co-authored with Victor Matheson and presented at the 2008 Western Economic Association meetings.

“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.