The welfare effects of Lotto: evidence from the UK

被引：66

作者：

Farrell, L ^{[1
]}

Walker, I ^{[1
]}

机构：

[1] Univ Keele, Dept Econ, Keele ST5 5BG, Staffs, England

来源：

JOURNAL OF PUBLIC ECONOMICS | 1999年 / 72卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

gambling; lottery; lotto;

D O I：

10.1016/S0047-2727(98)00089-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper estimates the demand for lottery tickets using pooled cross section data that contain individual incomes and extensive information about characteristics. One of the cross sections corresponded to a draw which was a 'double rollover' - the jackpot was enhanced by adding the two previous draws' jackpots which had not been won. Together, these datasets provide sufficient observations facing different 'prices' to allow us to estimate the 'price' elasticity as well as the income elasticity of demand. We estimate Tobit and other specifications and use the estimates to evaluate the welfare effects arising from the introduction of the lottery. (C) 1999 Elsevier Science S.A. All rights reserved.

引用

页码：99 / 120

页数：22

共 34 条

[1] [Anonymous], NATL TAX J
[2] FEMALE LABOR SUPPLY AND ON-THE-JOB SEARCH - AN EMPIRICAL-MODEL ESTIMATED USING COMPLEMENTARY DATA SETS
ARELLANO, M
MEGHIR, C
[J]. REVIEW OF ECONOMIC STUDIES, 1992, 59 (03) : 537 - 557
[3] BANKS S, 1997, I FISCAL STUDIES COM, V62
[4] *BLOW CRAWF, 1997, 9710 UCL DP
[5] A LIFE-CYCLE CONSISTENT EMPIRICAL-MODEL OF FAMILY LABOR SUPPLY USING CROSS-SECTION DATA
BLUNDELL, R
WALKER, I
[J]. REVIEW OF ECONOMIC STUDIES, 1986, 53 (04) : 539 - 558
[6] CHANGES IN THE UNITED-STATES WAGE STRUCTURE 1963-1987 - APPLICATION OF QUANTILE REGRESSION
BUCHINSKY, M
[J]. ECONOMETRICA, 1994, 62 (02) : 405 - 458
[7] Clotfelter CharlesT., 1989, SELLING HOPE STATE L
[8] THE UTILITY OF GAMBLING
CONLISK, J
[J]. JOURNAL OF RISK AND UNCERTAINTY, 1993, 6 (03) : 255 - 275
[9] COOK PJ, 1993, AM ECON REV, V83, P634
[10] Deaton A., 1997, The analysis of household surveys: a microeconometric approach to development policy.

← 1 2 3 4 →