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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Official URL: https://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:

Journal Article

Journal or Publication Title:

Economics Letters

Uncontrolled Keywords:

/dk/atira/pure/researchoutput/libraryofcongress/hb

Subjects:

?? LONG MEMORYFRACTIONAL INTEGRATION LOTTERYECONOMICSFINANCEECONOMICS AND ECONOMETRICSHB ECONOMIC THEORY ??

Departments:

Lancaster University Management School > Economics

ID Code:

55025

Deposited By:

ep_importer_pure

Deposited On:

13 Jun 2012 10:20

Refereed?:

Yes

Published?:

Published

Last Modified:

18 Sep 2023 00:32

URI:

https://eprints.lancs.ac.uk/id/eprint/55025