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Should Lotteries Offer Discounts on Multiple Tickets?

Damianov, D.S.

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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 Feb 16, 2015
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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