Habit and long memory in UK lottery sales

McHale, IG and Peel, DA 2010, 'Habit and long memory in UK lottery sales' , Economics Letters, 109 (1) , pp. 7-10.

PDF - Published Version Restricted to Repository staff only Download (225kB)

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
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:	25 Jan 2018 23:34
URI:	http://usir.salford.ac.uk/id/eprint/17856

Actions (login required)

Edit record (repository staff only)