The welfare effects of lotto: evidence from the UK
Article Abstract:
The demand for lottery tickets in the UK has been investigated. The study used pooled cross section data that contain individual incomes and extensive information about characteristics. The datasets were used to estimate the price elasticity and the income elasticity of the demand for lotto tickets. The Tobit and other specifications were estimated and used to evaluate the welfare effects resulting from the introduction of lotteries.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1999
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State lotteries and consumer behavior
Article Abstract:
Some significant issues concerning state lotteries are addressed. It is reported that household lottery outlay is supported by cutting down non-gambling outlays.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2005
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