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Journal of Economic Perspectives: Vol. 4 No. 4 (Fall 1990)
JEP Volume. 4, Issue 4 | 
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On the Economics of State Lotteries
Article Citation
Clotfelter, Charles T., and
Philip J. Cook. 1990. "On the Economics of State Lotteries."
Journal of Economic Perspectives,
4(4): 105-119.
DOI: 10.1257/jep.4.4.105
DOI: 10.1257/jep.4.4.105
Abstract
This article examines several aspects of the economics of state lotteries, focusing primarily on the demand for lottery products. We begin by giving a descriptive overview. The succeeding sections examine the motivations for playing lottery games and evidence on the determinants of lottery demand. The final section considers the welfare economics of the apparent objective of lotteries—to maximize profits for the state.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Clotfelter, Charles T. (Duke U)
Cook, Philip J. (Duke U)
Cook, Philip J. (Duke U)
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