On the Economics of State Lotteries | Zendy

Charles T. Clotfelter | Zendy; Philip J. Cook | Zendy

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On the Economics of State Lotteries

Author(s) -

Charles T. Clotfelter,

Philip J. Cook

Publication year - 1990

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.4.4.105

Subject(s) - lottery , economics , state (computer science) , public economics , microeconomics , section (typography) , positive economics , neoclassical economics , advertising , business , algorithm , computer science

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.

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