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On the Economics of State Lotteries

Publication ,  Journal Article
Clotfelter, CT; Cook, PJ
Published in: Journal of Economic Perspectives
November 1, 1990
Published version (DOI) Publisher Link

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.

Duke Scholars

Charles T. Clotfelter
Author Charles T. Clotfelter Sanford School of Public Policy
Philip J. Cook
Author Philip J. Cook Sanford School of Public Policy
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Published In

Journal of Economic Perspectives

DOI

10.1257/jep.4.4.105

ISSN

0895-3309

Publication Date

November 1, 1990

Volume

4

Issue

4

Start / End Page

105 / 119

Publisher

American Economic Association

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics
 

Citation

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Clotfelter, C. T., & Cook, P. J. (1990). On the Economics of State Lotteries. Journal of Economic Perspectives, 4(4), 105–119. https://doi.org/10.1257/jep.4.4.105
Clotfelter, Charles T., and Philip J. Cook. “On the Economics of State Lotteries.” Journal of Economic Perspectives 4, no. 4 (November 1, 1990): 105–19. https://doi.org/10.1257/jep.4.4.105.
Clotfelter CT, Cook PJ. On the Economics of State Lotteries. Journal of Economic Perspectives. 1990 Nov 1;4(4):105–19.
Clotfelter, Charles T., and Philip J. Cook. “On the Economics of State Lotteries.” Journal of Economic Perspectives, vol. 4, no. 4, American Economic Association, Nov. 1990, pp. 105–19. Crossref, doi:10.1257/jep.4.4.105.
Clotfelter CT, Cook PJ. On the Economics of State Lotteries. Journal of Economic Perspectives. American Economic Association; 1990 Nov 1;4(4):105–119.

Published In

Journal of Economic Perspectives

DOI

10.1257/jep.4.4.105

ISSN

0895-3309

Publication Date

November 1, 1990

Volume

4

Issue

4

Start / End Page

105 / 119

Publisher

American Economic Association

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics