State lotteries and agency costs: hidden costs to nonparticipants.(Three Perspectives on Government Run Lotteries)(Report): An article from: The American Journal of Economics and Sociology

This digital document is an article from The American Journal of Economics and Sociology, published by Thomson Gale on July 1, 2007. The length of the article is 3696 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Some nonparticipants support lotteries because they expect the lottery will shift a portion of their tax burden to participants. The principal-agent model suggests that lotteries will result in an above normal increase in state expenditures. This paper finds that 77 percent of net lottery proceeds are utilized for above normal spending increases, suggesting that tax benefits to nonparticipants are greatly diminished.

Citation Details
Title: State lotteries and agency costs: hidden costs to nonparticipants.(Three Perspectives on Government Run Lotteries)(Report)
Author: Richard B. Whitaker
Publication:The American Journal of Economics and Sociology (Magazine/Journal)
Date: July 1, 2007
Publisher: Thomson Gale
Volume: 66 Issue: 3 Page: 533(12)

Article Type: Report

Distributed by Thomson Gale