ERIC Number: EJ499100
Record Type: Journal
Publication Date: 1994
Reference Count: N/A
Response to Review Essay: "Equity and Efficiency of State Lotteries."
Mason, Paul M.
Economics of Education Review, v13 n4 p365-66 1994
Responding to a critique of the book "The Economic Consequences of State Lotteries" (Praeger, 1991), a coauthor thanks reviewers for an in-depth analysis and comments on their remarks about the book's efficiency section. Reviewers misread the original authors' observations concerning elasticity of demand, inefficient diversions of revenue resulting from administrative costs, assessment of the demand for instant tickets, and lotto revenue fungibility. (MLH)
Publication Type: Opinion Papers; Journal Articles
Education Level: N/A
Authoring Institution: N/A