Characteristics of Competition and Regulation System Reformation of Lottery Industry in China
ZHU Tong, YU Hui (Institute of Industrial Economics CASS, Beijing 100836, China)
Lottery industry is regulated by the government in every country. Regulation models are designed in terms of ' preventing crime' , whereas do not consider characteristics of lottery industry. The article shows that indirect competition is the appropriate market structure in lottery industry. Based on the relationship between the organization characteristics and regulation system of lottery industry, this study analyzes characteristics of lottery market structure in Britain, America and France, as well as problems in these countries and China. The direction of reforming lottery market structure and objectives of regulation system innovation are also addressed in the article.