THE EFFECTS OF LOTTO GAME CHANGES AND LARGE JACKPOTS ON INCOME ELASTICITIES AND SALES.
Using daily lottery data from Washington State by zip code from January 2011 through mid‐March 2016, we estimate that Powerball income elasticities range from −0.16 to 0.16 as the Powerball jackpot increases from its minimum to $1.5 billion, while Mega Millions income elasticities range from −0.08 t...
| Publicado en: | Contemporary Economic Policy Vol. 37; no. 2; pp. 261 - 274 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=134826826&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 134826826 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Apr2019 vid: 37 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 134826826 10.1111/coep.12393 ppf: 261 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: P size: 428KB tig: atl: THE EFFECTS OF LOTTO GAME CHANGES AND LARGE JACKPOTS ON INCOME ELASTICITIES AND SALES. aug: au: Combs, Kathryn L. Spry, John A. affil: Professor, Department of Finance, University of St. Thomas, Minneapolis MN, 55403 Associate Professor, Department of Finance, University of St. Thomas, Minneapolis MN, 55403 su: Washington (State) Elasticity (Economics) Economic demand Data Business revenue sug: subj: Elasticity (Economics) Economic demand Washington (State) Data Business revenue ab: Using daily lottery data from Washington State by zip code from January 2011 through mid‐March 2016, we estimate that Powerball income elasticities range from −0.16 to 0.16 as the Powerball jackpot increases from its minimum to $1.5 billion, while Mega Millions income elasticities range from −0.08 to 0.03 as the Mega Millions jackpot increases from its minimum to $640 million. Controlling for jackpot size, each of three major game changes during this time period has a significant effect on own‐game and cross‐game sales. Despite these significant game changes, however, these lotto games are a highly regressive source of revenue for Washington State. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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