Professor Damian Damianov damian.damianov@durham.ac.uk
Professor
Should Lotteries Offer Discounts on Multiple Tickets?
Damianov, D.S.
Authors
Abstract
In a complete information setting we show that the standard lottery–in which each lottery ticket is offered for the same price–is an optimal fundraising mechanism in the presence of strong asymmetries in the way bettors value the prize and the public good provided with the lottery proceeds. When participants are more homogeneous, it is optimal to offer discounts for the purchase of multiple tickets.
Citation
Damianov, D. (2015). Should Lotteries Offer Discounts on Multiple Tickets?. Economics Letters, 126, 84-86. https://doi.org/10.1016/j.econlet.2014.11.002
Journal Article Type | Article |
---|---|
Acceptance Date | Nov 7, 2014 |
Online Publication Date | Nov 22, 2014 |
Publication Date | Jan 1, 2015 |
Deposit Date | Feb 10, 2015 |
Publicly Available Date | Mar 28, 2024 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 126 |
Pages | 84-86 |
DOI | https://doi.org/10.1016/j.econlet.2014.11.002 |
Keywords | Fundraising mechanisms, Complete information, Asymmetries, Lottery ticket discounts. |
Public URL | https://durham-repository.worktribe.com/output/1436855 |
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Copyright Statement
NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 126, January 2015, 10.1016/j.econlet.2014.11.002.
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