On the Economics of State Lotteries
Published
Journal Article
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.
Full Text
Duke Authors
Cited Authors
- Clotfelter, CT; Cook, PJ
Published Date
- November 1, 1990
Published In
Volume / Issue
- 4 / 4
Start / End Page
- 105 - 119
Published By
International Standard Serial Number (ISSN)
- 0895-3309
Digital Object Identifier (DOI)
- 10.1257/jep.4.4.105
Language
- en