Pérez, Levi; Humphreys, Brad R. - In: Public Finance Review 39 (2011) 4, pp. 551-570
The authors analyze consumer expenditure on the National Lottery in Spain, a popular game with over 100 draws per year and annual turnover of about three billion euros. Based on Tobit estimates using data from two nationally representative surveys, National Lottery players tend to be middle-aged...