On the demand for lotteries in Greece

George Geronikolaou and George Papachristou

MPRA Paper from University Library of Munich, Germany

Abstract: Demand for lotteries has been estimated in several countries, an important issue being whether operators set lottery payouts optimally. The question is tackled by means of a traditional demand equation in effective price and recently by a demand equation variant in jackpots, both specifications indicating that in many countries operators set their payout ratio more or less correctly and slightly on the generous side. The objective of this paper is to provide evidence on the lottery demand parameters in Greece and to assess the optimality of the current payout-allocating rules

Keywords: demand elasticity; payout policy (search for similar items in EconPapers)
JEL-codes: D12 L83 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

Published in International Journal of Business and Economics 3.6(2007): pp. 255-259

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Related works:
Journal Article: On the Demand for Lotteries in Greece (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36701

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