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.

United Kingdom, Research

---

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.

United States, Forecasts, trends, outlooks, Management dynamics, Misc. Amusement, Recreation Services, Legal Gambling, Gambling Industries, Consumer Expenditures, Private Households, Stationery stores, Consumer Exp-Stationery,Writing Suppl, Consumer Expend-Food & Tobacco, Consumer Expend-Health & Recreation, Consumer Expend-Reading & Recreation, Management, Forecasts and trends, Market trend/market analysis, Gambling, Consumer spending, Company business management, Lottery industry

---

Similar abstracts:

• Abstracts: The marginal welfare cost of public funds: theory and estimates. The social value of hidden information in adverse selection economies
• Abstracts: The political economy of publicly provided private goods. Class systems and the enforcement of social norms. Intergovernmental grants as a tactical instrument: empirical evidence from Swedish municipalities
• Abstracts: Taxes, organizational form, and the deadweight loss of the corporate income tax. Bequest taxes, inter vivos gifts, and the bequest motive

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.