Elasticity of Demand for UK National Lottery Tickets

This paper examines sales patterns in the first three years of the UK National Lottery in order to estimate price elasticity of demand. Our long-run estimate is very close to the value of minus one required for revenue maximization. We find that the UK Government has succeeded in setting a framework for the National Lottery that maximizes turnover and therefore the amount of money available for both Exchequer revenue and "Good Causes."

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Year of publication:	2000
Authors:	Forrest, David ; Gulley, O. David ; Simmons, Robert
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 53.2000, n. 4, p. 853-64
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010788102