On the Economics of State Lotteries-Reference-Cited by-同舟云学术

On the Economics of State Lotteries

Published:1990-11-01 Issue:4 Volume:4 Page:105-119
ISSN:0895-3309
Container-title:Journal of Economic Perspectives
language:en
Short-container-title:Journal of Economic Perspectives

Author:

Clotfelter Charles T¹,Cook Philip J²

Affiliation:

1. Professors of Public Policy Studies and Economics at Duke University, Durham, North Carolina; Research Associate at the National Bureau of Economic Research, Cambridge, Massachusetts.

2. Professors of Public Policy Studies and Economics at Duke University, Durham, North Carolina.

Abstract

This article examines several aspects of the economics of state lotteries, focusing primarily on the demand for lottery products. We begin by giving a descriptive overview. The succeeding sections examine the motivations for playing lottery games and evidence on the determinants of lottery demand. The final section considers the welfare economics of the apparent objective of lotteries—to maximize profits for the state.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/jep.4.4.105

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