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Estimating the Effect of Unearned Income on Labor Supply, Earnings, Savings, and Consumption : Evidence from a Survey of Lottery Players
Imbens, Guido W. - 1999
Knowledge of the effect of unearned income on economic behavior of individuals in general, and on labor supply in particular, is of great importance to policy makers. Estimation of income effects, however, is a difficult problem because income is not randomly assigned and exogenous changes in...
Persistent link: https://www.econbiz.de/10012471799
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Spatial Competition and Cross-border Shopping : Evidence from State Lotteries
Knight, Brian G. - 2010
This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We first develop a simple theoretical model in which consumers choose between state lotteries and face a trade-off between travel costs and the price of a fair gamble,...
Persistent link: https://www.econbiz.de/10012462939
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The Own and Social Effects of an Unexpected Income Shock : Evidence from the Dutch Postcode Lottery
Kuhn, Peter J. - 2008
In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes - consisting of cash and a new BMW - are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about eight...
Persistent link: https://www.econbiz.de/10012464612
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State Lotteries and Consumer Behavior
Kearney, Melissa Schettini - 2002
lotteries primarily crowd out other forms of gambling, or do they crowd out non-gambling consumption? Second, does consumer … misinformed about the risks and returns of lottery gambles? Analyses of multiple sources of micro-level gambling data demonstrate … that lottery spending does not substitute for other forms of gambling. Household consumption data suggest that household …
Persistent link: https://www.econbiz.de/10012469376
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Using Lotteries to Attract Deposits
Gertler, Paul J.; Higgins, Sean; Scott, Aisling; Seira, … - National Bureau of Economic Research - 2023
a randomized experiment across 110 bank branches throughout Mexico, a lottery incentive based on net monthly deposits …
Persistent link: https://www.econbiz.de/10014337763
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Internet Retail Demand : Taxes, Geography, and Online-Offline Competition
Ellison, Glenn - 2006
Data on sales of memory modules are used to explore several aspects of e-retail demand. There is a strong relationship between e-retail sales to a given state and sales tax rates that apply to purchases from online retailers. This suggests that there is substantial substitution between online...
Persistent link: https://www.econbiz.de/10012466426
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The Dominance of Retail Stores
Ziegler, Alexandre - 2003
Most items are sold to consumers by retail stores. Stores have two features that distinguish them from auctions. First, the price is posted and a consumer who values the good at more than the posted price is sold the good. Second, the sale takes place as soon as the consumer decides to buy. In...
Persistent link: https://www.econbiz.de/10012468903
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Selling Subscriptions
Einav, Liran; Klopack, Benjamin; Mahoney, Neale - National Bureau of Economic Research - 2023
Retailers are increasingly selling goods and services via subscriptions instead of spot markets. In this paper, we study one benefit to the retailer of selling subscriptions: the possibility that - presumably because of inattention or inertia - consumers continue to pay for subscriptions after...
Persistent link: https://www.econbiz.de/10014337781
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Cognitive Imprecision and Small-Stakes Risk Aversion
Khaw, Mel Win - 2018
observe in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012480631
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10012462728