A time series analysis of U.K. lottery sales: Long and short run price elasticities

Oxford Bulletin of Economics and Statistics

Volumn 61, Issue 4, 1999, Pages 513-526

  Farrell, Lisa ^a   Morgenroth, Edgar ^a   Walker, Ian ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001455508     PISSN: 03059049     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0084.00141     Document Type: Article

References (21)

1. Andrews, D. (1993), Tests for Parameter Instability and Structural Change with Unknown Change Points, Econometrica Vol. 61, pp 821-56.
2. Becker, G. S. and Murphy, K. M. (1988), A Theory of Rational Addiction, Journal of Political Economy, Vol. 96, pp 675-700.
3. Becker, G. S., Grossman, M. and Murphy, K. M. (1994), An Empirical Analysis of Cigarette Addiction, American Economic Review, Vol. 84, pp 396-418.
4. Conlisk, J. (1993), Utility of Gambling, Journal of Risk and Uncertainty, Vol. 6, pp 255-75.
5. Cook, P. J. and Clotfelter, C. T. (1993), The Peculiar Scale Economies of Lotto, American Economic Review, Vol. 83, pp 634-43.
6. Davidson, R. and MacKinnon, J. G. (1993), Estimation and Inference in Econometrics, Oxford University Press, New York.
7. Dickey, D. A. and Fuller, W. A. (1981), Likelihood Ratio Statistics for Autoregressive Time Series with Unit Roots, Econometrica, Vol. 49, pp 1057-72.
8. Dickey, D. A. and Fuller, W. A. (1979), Distribution of the Estimators for Autoregressive Time Series with Unit Roots, Journal of the American Statistical Association, Vol. 74, pp 427-31.
9. Engle, R. F. (1982), Autoregressive Conditional Heteroskedasticity, with Estimates of the Variance of UK Inflation, Econometrica, Vol. 50, pp 987-1007.
10. Farrell, L., Hartley, R., Lanot, G. and Walker, I. (1999), 'The Demand for Lotto: the Role of Conscious Selection, Journal of Business and Economic Statistics, (forthcoming).
11. Farrell, L. and Walker, I. (1998), The Welfare Effects of Lotto: Evidence for the UK, Journal of Public Economics, Vol. 72, pp 99-120.
12. Granger, C. and Newbold, P. (1974), Spurious Regressions in Econometrics, Journal of Econometrics, Vol. 2, pp 111-20.
13. Gulley, O. D. and Scott, F. A. (1993), The Demand for Wagering on State Operated Lotto Games, National Tax Journal, March, pp 13-22.
14. Hansen, B. (1992), Testing for Parameter Stability in Linear Models, Journal of Policy Modelling, Vol. 14, pp 517-33.
15. Lim, F. W. (1995), On the Distribution of Lotto, Australian National University WP 282.
16. Nyblom, J. (1989), Testing for the Constancy of Parameters over Time, Journal of the American Statistical Association, Vol. 84, pp 223-30.
17. OFLOT, (1995), Annual Report 1994/95 HMSO 755.
18. Quiggin, J. (1991), On the Optimal Design of Lotteries, Economica, Vol. 58, pp 1-16.
19. Scoggins, J. (1995), Lotto and Expected Net Revenue, National Tax Journals Vol. 48, pp 61-70.
20. Sprowls, C. R. (1970), On the Terms of the New York State Lottery, National Tax Journal, Vol. 23, pp 74-82.
21. Zivot, E. and Andrews, D. (1992), Evidence of the Great Crash, the Oil Price Shock and Unit Roots, Journal of Business and Economic Statistics, Vol. 10, pp 251-70.