Dossier
Diversity Visas
Coverage of Diversity Visas in the Nexus archive.
- Why lotteries can make winning feel more valuable than buying
Economist Judd Kessler explains that lotteries often reveal existing demand rather than create it, using examples like Broadway ticket lotteries and SpaceX IPO allocations. Businesses use lotteries to manage scarce goods without raising prices, while governments use them for equitable distribution, such as Diversity Visas and national park access.