An Empirical Analysis of Gambling Addiction: Results from the Case of Taiwan

Verfasser / Beitragende:
[Wen-Chun Chang]
Ort, Verlag, Jahr:
2004
Enthalten in:
Topics in Economic Analysis & Policy, 4/1(2004-10-29)
Format:
Artikel (online)
ID: 378898973
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100 1 |a Chang  |D Wen-Chun  |u 1National Taipei University, wchang@mail.ntpu.edu.tw 
245 1 3 |a An Empirical Analysis of Gambling Addiction: Results from the Case of Taiwan  |h [Elektronische Daten]  |c [Wen-Chun Chang] 
520 3 |a This study analyzes gambling addiction in Taiwan by using lottery data from 1978 to 1984. Two main conclusions can be drawn from the empirical evidence of this study. First, lottery play is strongly addictive in Taiwan, and the results are consistent with the theory of rational addiction. Second, the estimated short-run and long-run price elasticities are -0.136, and -1.463, respectively. Because consumers are very likely rational, the concerns of public policy toward gambling should focus on the negative externalities rather than on its addictive nature. 
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