McHale, I and Peel, David (2010) Habit and long memory in UK lottery sale. Economics Letters, 109 (1). pp. 7-10. ISSN 0165-1765
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Official URL: http://dx.doi.org/10.1016/j.econlet.2010.07.007
Abstract
Long memory processes can occur as a consequence of aggregation over heterogeneous agents. We examine the UK lottery and, by estimating the level of fractional differencing, find evidence of the long memory property in lottery sales, a result that has broader implications on the estimation of demand models for lotteries.
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | Economics Letters |
| Uncontrolled Keywords: | Long memory ; Fractional integration ; Lottery |
| Subjects: | H Social Sciences > HB Economic Theory |
| Departments: | Lancaster University Management School > Economics |
| ID Code: | 55025 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 13 Jun 2012 11:20 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 15 Apr 2013 11:36 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/55025 |
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