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Thai Consumption Behavior of State Lottery – Underground Lottery
Publisher(s)
University of the Thai Chamber of Commerce
University of the Thai Chamber of Commerce
Date Issued
2006
Author(s)
Other Contributor(s)
University of the Thai Chamber of Commerce. School of Economics
Abstract
This paper aims to study Thai Consumption Behavior of State Lottery – Underground Lottery. It explores 3 key questions: first, whether the state lottery can substitute for the underground lottery. Second, weather the Thai consumers are addicted to lottery and third, weather the addiction is rational or myopic. This study used time-series data of the total sales of the state lottery in each drawing from the Government Lottery Office. Cross-section data used is primary data collected from 1,660 samples nationwide from 3rd week of December 2006 to 4th week of March 2007.The model used in this study is Becker &Murphy’s “Theory of Rational Addiction”. The results are that state lottery can substitute for the underground lottery. For addiction issues, it is found that consumers are addicted to both state lottery and underground lottery and the addiction is more rational than myopic.
Sponsorship
Research Support Office, UTCC
Subject(s)
Economic Theory and Research
Degree Grantor
University of the Thai Chamber of Commerce
Access Rights
public
Rights
This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Sauwanee Thairungroj, Preeda Potong, Watit Ruktham (2006) Thai Consumption Behavior of State Lottery – Underground Lottery.
