Universidad de Oviedo
García Villar, Jaume
Rodríguez Guerrero, Plácido
2010-01-13
AS. 03539-2012
127 p.
Universidad de Oviedo. Departamento de Economía
There are several arguments why the economic analysis of gambling seems to be very interesting. Gambling is a very important economic industry from which either local or national governments obtain resources due to some sort of fiscal imposition on gambling participation. On the other hand, the consumption of gambling seems to violate the premises of economic theory (risk aversion, maximizing and rational conduct). The empirical literature on this field has tried to answer several questions that might be summarized as follows: Who does gamble? Why do people gamble? And, how do game features, such as the rules or the prize structure, affect the demand for gambling? This thesis tries to shed more light on the questions identified above, focusing on the particular case of state-operated lotteries and football pools in Spain. Specifically, we are interested in examining what aspects drive gamblers' participation in Spanish lottery markets and spending on lotteries, focusing on network externalities in consumer spending on closely related lottery goods. Next, we study the demand for a particular game, paying attention to the factors that explain why individuals bet, especially, those that refer to the design of the game and the structure of prizes. Finally, the analysis of the main economic determinants of demand for gambling is extended to football pools as a particular form of sports gambling. In addition to these empirical exercises, this study contributes to the economics of gambling by briefly reviewing the theoretical work and empirical highlights from the previous analysis of the demand for lottery.
Demand; gambling; lottery; football pools; time series; double-hurdle; panel data
33 - Economics. Economic science
Fundamentos del Análisis Económico
ADVERTENCIA. El acceso a los contenidos de esta tesis doctoral y su utilización debe respetar los derechos de la persona autora. Puede ser utilizada para consulta o estudio personal, así como en actividades o materiales de investigación y docencia en los términos establecidos en el art. 32 del Texto Refundido de la Ley de Propiedad Intelectual (RDL 1/1996). Para otros usos se requiere la autorización previa y expresa de la persona autora. En cualquier caso, en la utilización de sus contenidos se deberá indicar de forma clara el nombre y apellidos de la persona autora y el título de la tesis doctoral. No se autoriza su reproducción u otras formas de explotación efectuadas con fines lucrativos ni su comunicación pública desde un sitio ajeno al servicio TDR. Tampoco se autoriza la presentación de su contenido en una ventana o marco ajeno a TDR (framing). Esta reserva de derechos afecta tanto al contenido de la tesis como a sus resúmenes e índices.
