Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/1869
Título: Do lottery sales differ across income classes becoming an inferior good for rich countries?
Autor: Faustino, Horácio C.
Kaizeler, Maria João
Palavras-chave: elasticity of demand
income class
gambling
Data: 2009
Editora: ISEG - SOCIUS
Citação: Faustino, Horácio C., Maria João Kaizeler. 2009. "Do lottery sales differ across income classes becoming an inferior good for rich countries?". Instituto Superior de Economia e Gestão – SOCIUS Working papers nº 3/2009
Relatório da Série N.º: SOCIUS Working papers;3/2009
Resumo: Do the populations of low per-capita income countries participate with a stronger desire to win and spent relatively more money on lottery products? Is such a desire to buy lottery products constant, or does it decrease when the country reaches a higher per-capita income class? To answer these questions, this paper tests the hypothesis that per-capita lottery sales vary across income classes in addition to the hypothesis that the income elasticity of demand for lottery products differs across income class countries. Using an econometric model with significant control variables, the results confirm the hypothesis that per-capita lottery sales vary positively with income classes and that lottery spending differs between classes. The results also show that the lower income-class countries spend more than the higher income-class countries, suggesting, but not confirming, that the lottery may be an inferior good in countries having the highest levels of per-capita GDP.
URI: http://hdl.handle.net/10400.5/1869
Versão do Editor: http://pascal.iseg.utl.pt/~socius/publicacoes/wp/WP_3_2009.pdf
Aparece nas colecções:SOCIUS - Documentos de Trabalho / SOCIUS - Working Papers

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