Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery
A Leviathan is an inefficient government that maximises the public revenue it raises. This article seeks evidence of a Leviathan in the South African government in respect of the National Lottery. This search is motivated by the Lotteries Act of 1997 which legislates that the goal of the National L...
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| Format: | Article |
| Language: | English |
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University of the Free State
2012-12-01
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| Series: | Acta Academica |
| Online Access: | https://journals.ufs.ac.za/index.php/aa/article/view/1367 |
| _version_ | 1827324478611259392 |
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| author | Lyndal Keeton |
| author_facet | Lyndal Keeton |
| author_sort | Lyndal Keeton |
| collection | DOAJ |
| description |
A Leviathan is an inefficient government that maximises the public revenue it raises. This article seeks evidence of a Leviathan in the South African government in respect of the National Lottery. This search is motivated by the Lotteries Act of 1997 which legislates that the goal of the National Lottery is to maximise the public revenue raised from the sale of National Lottery tickets. The effective price model is used to estimate the demand curve for National Lottery tickets. Although the National Lottery is not yet maximising revenue, the actions of the National Lottery suggest seemingly Leviathan tendencies.
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| first_indexed | 2024-03-08T04:44:02Z |
| format | Article |
| id | doaj.art-a9179a19b2514c13beac0487da9f19ef |
| institution | Directory Open Access Journal |
| issn | 0587-2405 2415-0479 |
| language | English |
| last_indexed | 2024-04-25T02:14:08Z |
| publishDate | 2012-12-01 |
| publisher | University of the Free State |
| record_format | Article |
| series | Acta Academica |
| spelling | doaj.art-a9179a19b2514c13beac0487da9f19ef2024-03-07T11:11:15ZengUniversity of the Free StateActa Academica0587-24052415-04792012-12-01444Seeking Leviathan? A test of the revenue maximisation objective in the South African National LotteryLyndal Keeton0University of the Witwatersrand A Leviathan is an inefficient government that maximises the public revenue it raises. This article seeks evidence of a Leviathan in the South African government in respect of the National Lottery. This search is motivated by the Lotteries Act of 1997 which legislates that the goal of the National Lottery is to maximise the public revenue raised from the sale of National Lottery tickets. The effective price model is used to estimate the demand curve for National Lottery tickets. Although the National Lottery is not yet maximising revenue, the actions of the National Lottery suggest seemingly Leviathan tendencies. https://journals.ufs.ac.za/index.php/aa/article/view/1367 |
| spellingShingle | Lyndal Keeton Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery Acta Academica |
| title | Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery |
| title_full | Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery |
| title_fullStr | Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery |
| title_full_unstemmed | Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery |
| title_short | Seeking Leviathan? A test of the revenue maximisation objective in the South African National Lottery |
| title_sort | seeking leviathan a test of the revenue maximisation objective in the south african national lottery |
| url | https://journals.ufs.ac.za/index.php/aa/article/view/1367 |
| work_keys_str_mv | AT lyndalkeeton seekingleviathanatestoftherevenuemaximisationobjectiveinthesouthafricannationallottery |