Habit and long memory in UK lottery sales

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 109
Issue: 1
Pages: 7-10

Authors (2)

McHale, I.G. (not in RePEc) Peel, D.A. (Lancaster University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:109:y:2010:i:1:p:7-10
Journal Field
General
Author Count
2
Added to Database
2026-01-28