A DISCRETE-TIME HAZARD MODEL OF LOTTERY ADOPTION

Citation
Sb. Caudill et al., A DISCRETE-TIME HAZARD MODEL OF LOTTERY ADOPTION, Applied economics, 27(6), 1995, pp. 555-561
Citations number
12
Categorie Soggetti
Economics
Journal title
ISSN journal
00036846
Volume
27
Issue
6
Year of publication
1995
Pages
555 - 561
Database
ISI
SICI code
0003-6846(1995)27:6<555:ADHMOL>2.0.ZU;2-U
Abstract
This paper uses conventional logit probabilities to estimate a discret e-time hazard model of lottery adoption. The data set consists of a ti me-series of cross-sections on states in the US. Our findings suggest that politicians are more likely to support lottery adoption if high i ncome constituents support the decision. A lottery is more likely to b e adopted if there is a favourable climate for gambling in the state a nd if a bordering state has adopted a lottery.