McHale, IG and Peel, DA 2010, 'Habit and long memory in UK lottery sales' , Economics Letters, 109 (1) , pp. 7-10.
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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 |
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Themes: | Subjects outside of the University Themes |
Schools: | Schools > Salford Business School > Salford Business School Research Centre |
Journal or Publication Title: | Economics Letters |
Publisher: | Elsevier |
Refereed: | Yes |
ISSN: | 01651765 |
Depositing User: | Professor Ian G. McHale |
Date Deposited: | 05 Oct 2011 10:31 |
Last Modified: | 16 Feb 2022 12:33 |
URI: | http://usir.salford.ac.uk/id/eprint/17856 |
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