Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Research Briefs
Community
PIER Research Network
Visiting Fellows
Funding and Grants
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
TH
EN
Research
Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Exchange Rate Effects on Firm Performance: A NICER Approach
Latest discussion Paper
Exchange Rate Effects on Firm Performance: A NICER Approach
ผลกระทบของการขึ้นค่าเล่าเรียนต่อการตัดสินใจเรียนมหาวิทยาลัย
Latest aBRIDGEd
ผลกระทบของการขึ้นค่าเล่าเรียนต่อการตัดสินใจเรียนมหาวิทยาลัย
Events
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Research Briefs
Joint NSD-PIER Applied Microeconomics Research Workshop
Upcoming workshop
Joint NSD-PIER Applied Microeconomics Research Workshop
Special Economic Zones and Firm Performance: Evidence from Vietnamese Firms
Latest PIER Economics Seminar
Special Economic Zones and Firm Performance: Evidence from Vietnamese Firms
สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์
Puey Ungphakorn
Institute for
Economic Research
Puey Ungphakorn Institute for Economic Research
Community
Community
PIER Research Network
Visiting Fellows
Funding and Grants
PIER Research Network
PIER Research Network
Funding & Grants
Funding & Grants
About Us
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
Staff
Staff
Call for Papers: PIER Research Workshop 2025
Latest announcement
Call for Papers: PIER Research Workshop 2025
Discussion Paperdp
QR code
Year
2025
2024
2023
2022
...
6 March 2024
20241709683200000
No. 218

Eliminating the Black Market: Evidence from a Lottery Gambling Policy in Thailand

Abstract

This paper investigates the impacts and implications of a supply-side intervention of black market transactions using a natural experiment from lottery markets in Thailand. Between June 2003 and November 2006, the Thai government imposed a crackdown on the black-market lottery while introducing a new lottery with similar characteristics as a substitute. Using panel data of Thai households, we find that the intervention was effective in eliminating the black-market lottery. Household spending on the black-market lottery dropped sharply after June 2003 and increased again after November 2006. The substitution from the black-market lottery to the government lottery in 2003 was small, while the reverse substitution in 2006 was large. We also find that gambling was habitual and the intervention that breaks the habit had a long-term impact on gambling behavior, i.e., a persistent decrease in expenditures on both illegal and legal lotteries.

Download full text
JEL: D14G51O17
Tags: household financegamblingblack marketaddiction
The views expressed in this workshop do not necessarily reflect the views of the Puey Ungphakorn Institute for Economic Research or the Bank of Thailand.
Natt Hongdilokkul
Natt Hongdilokkul
British Columbia's Office of the Human Rights Commissioner
Archawa Paweenawat
Archawa Paweenawat
Puey Ungphakorn Institute for Economic Research
Krislert Samphantharak
Krislert Samphantharak
University of California San Diego
Suparit Suwanik
Suparit Suwanik
Puey Ungphakorn Institute for Economic Research

Puey Ungphakorn Institute for Economic Research

273 Samsen Rd, Phra Nakhon, Bangkok 10200

Phone: 0-2283-6066

Email: pier@bot.or.th

Terms of Service | Personal Data Privacy Policy

Copyright © 2025 by Puey Ungphakorn Institute for Economic Research.

Content on this site is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported license.

Creative Commons Attribution NonCommercial ShareAlike

Get PIER email updates

Facebook
YouTube
Email