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Do lottery sales differ across income classes becoming an inferior good for ric...
Faustino, Horácio C.; Kaizeler, Maria JoãoDo the populations of low per-capita income countries participate with a stronger desire to win and spent relatively more money on lottery products? Is such a desire to buy lottery products constant, or does it decrease when the country reaches a higher per-capita income class? To answer these questions, this paper tests the hypothesis that per-capita lottery sales vary across income classes in addition to the ...
Demand for Lottery Products: A Cross-Country Analysis
Kaizeler, Maria João; Faustino, Horácio C.Varieties of lottery games are played regularly in more than half of the world's countries. When considering the probability of winning a lottery jackpot, we have a sense of the illogicality in buying a lottery ticket. This begs the question, why do people buy lottery products? This paper investigates the socio-economic and demographic features that help to explain the behavioural trend of lottery product purch...
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