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:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
ID Code:
55025
Deposited By:
Deposited On:
13 Jun 2012 10:20
Refereed?:
Yes
Published?:
Published
Last Modified:
19 Sep 2020 02:20