Forrest, David ORCID: 0000-0003-0565-3396, Kainulainen, Tuomo, Saastamoinen, Jani and Suhonen, Niko
(2022)
Income elasticity of demand for horse wagering - Large-scale evidence from online betting accounts.
ECONOMICS LETTERS, 213.
p. 110356.
Text
Income elasticity paper, preprint.pdf - Author Accepted Manuscript Download (2MB) | Preview |
Abstract
The paper investigates income elasticity of demand for online horserace betting, using individual account data and administrative data from Finland. Overall income elasticity is positive but low. However, elasticity varies substantially across the income distribution from near-zero at the bottom to unity among higher income groups. Increased betting expenditure as income increases is associated with greater intensity rather than with greater frequency of betting.
Item Type: | Article |
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Additional Information: | Source info: EL52856 |
Uncontrolled Keywords: | Betting, Horseracing, Income elasticity, Spline regression |
Divisions: | Faculty of Humanities and Social Sciences > School of Management |
Depositing User: | Symplectic Admin |
Date Deposited: | 17 Feb 2022 16:19 |
Last Modified: | 18 Jan 2023 21:12 |
DOI: | 10.1016/j.econlet.2022.110356 |
Open Access URL: | https://doi.org/10.1016/j.econlet.2022.110356 |
Related URLs: | |
URI: | https://livrepository.liverpool.ac.uk/id/eprint/3149116 |