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Habit and long memory in UK lottery sale

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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    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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