Factors influencing the adoption of state lotteries
This paper explores the factors influencing the adoption of state lotteries in the United States. The conceptual framework utilizes a common utility framework in which a representative legislator maximizes utility derived from the current and expected fiscal position of a state, subject to a politic...
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| Veröffentlicht in: | Applied economics 1999-07, Vol.31 (7), p.875-884 |
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| container_end_page | 884 |
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| container_title | Applied economics |
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| creator | HOMER EREKSON, O. PLATT, GLENN WHISTLER, CHRISTOPHER ZIEGERT, ANDREA L. |
| description | This paper explores the factors influencing the adoption of state lotteries in the United States. The conceptual framework utilizes a common utility framework in which a representative legislator maximizes utility derived from the current and expected fiscal position of a state, subject to a political constraint. The empirical results support the theoretical hypotheses, including the finding that changes in the fiscal health of the state, the predicted profit potential of a lottery, and the political climate of the state all affect the likelihood that a lottery is adopted. By introducing a sound conceptual framework, using better data than used in previous studies, utilizing an appropriate estimation technique, and obtaining strong results, this study advances our knowledge of why states adopt lotteries. |
| doi_str_mv | 10.1080/000368499323832 |
| format | Article |
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| ispartof | Applied economics, 1999-07, Vol.31 (7), p.875-884 |
| issn | 0003-6846 1466-4283 |
| language | eng |
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| source | RePEc; Business Source Complete; Taylor & Francis E-Journals; Periodicals Index Online |
| subjects | Economic models Estimating techniques Fiscal policy Hypotheses Lotteries Politics States Studies Utility functions |
| title | Factors influencing the adoption of state lotteries |
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