State lotteries and consumer behavior

On the Economics of State Lotteries

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Evolution and consumer behavior

An evolutionary theoretical approach considers the adaptive function of behavior. This article discusses what it means to use an evolutionary approach to generate predictions, and discusses two specific evolutionarily informed theories that have uncovered novel insights into consumer behavior. First, the fundamental motives framework highlights the social challenges faced by our ancestors (e.g....

Aging and Consumer Behavior

Spatial Competition and Cross-border Shopping: Evidence from State Lotteries

This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We rst develop a simple theoretical model in which consumers choose between state lotteries and face a trade-o between travel costs and the price of a fair gamble, which is declining in the size of the jackpot and the odds of winning. Given this trade-o , the model predic...

Gasoline Taxes and Consumer Behavior

Gasoline taxes can correct externalities associated with automobile use, reduce dependency on foreign oil, and raise government revenue. Our understanding of the optimal gasoline tax and the efficacy of existing taxes is largely based on empirical analysis of consumer responses to gasoline price changes. In this paper, we directly examine how gasoline taxes affect consumer behavior as distinct ...