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What jackpot? The optimal lottery tax
| Content Provider | Semantic Scholar |
|---|---|
| Author | Beenstock, Michael Goldin, Ephraim Haitovsky, Yoel |
| Copyright Year | 2000 |
| Abstract | Abstract The payout rate on lotto is normally fixed. We show that such a policy is generally suboptimal from the lotto authorities' point of view. The payout rate should be allowed to vary according to the number of rollovers that have occurred. To illustrate our argument, we simulate and optimize an econometric model of the lotto market in Israel. We also consider whether it is profitable to increase the frequency of lotto from once to twice a week. |
| Starting Page | 655 |
| Ending Page | 671 |
| Page Count | 17 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/S0176-2680(00)00013-6 |
| Alternate Webpage(s) | http://micro5.mscc.huji.ac.il/~economics/facultye/beenstock/jackpot.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/S0176-2680%2800%2900013-6 |
| Volume Number | 16 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |