State Lotteries and Agency Costs
Hidden Costs to Nonparticipants
Bibliographic Data
| ID | 2767531 |
|---|---|
| Authors | Richard B Whitaker (Eastern Illinois University, corresponding author) |
| Year | 2007 |
| Volume | 66 |
| Issue | 3 |
| Pages | 533-544 |
| Publication date | 2007-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2007.00525.x |
| OpenAlex | W2141633291 |
| Language | EN |
| Citations received | 1 |
| References cited | 16 |
Some nonparticipants support lotteries because they expect the lottery will shift a portion of their tax burden to participants. The principal-agent model suggests that lotteries will result in an above normal increase in state expenditures. This paper finds that 77 percent of net lottery proceeds are utilized for above normal spending increases, suggesting that tax benefits to nonparticipants are greatly diminished
Actuarial science · Agency (philosophy) · Economics · Lottery · Microeconomics · Principal (computer security) · Public economics · Sociology · State (computer science) · Computer Science · Financial Literacy, Pension, Retirement Analysis · Gambling Behavior and Treatments · Housing Market and Economics · Mathematics
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 2007 - 2007 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |