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Keywords: Durable goods
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Journal Articles
Journal:
Applied Economic Analysis
Applied Economic Analysis (2024) 32 (96): 232–259.
Published: 07 May 2024
... increase consumption on durable and nondurable goods compared to nonwinning ones. Moreover, durable goods consumption is responsive to lottery winnings, while nondurable goods consumption are unit-elastic to expenditure shocks. Originality/value To the best of the author’s knowledge, this is the first...
Includes: Supplementary data
