The economics of casino gambling: with 25 tables
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berlin [u.a.]
Springer
2007
|
| Subjects: | |
| Online Access: | Inhaltstext Inhaltsverzeichnis |
| Item Description: | Literaturverz. S. 189 - 203 |
| Physical Description: | XII, 207 S. graph. Darst. 24 cm |
| ISBN: | 9783540351023 |
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Record in the Search Index
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| adam_text | DOUGLAS M. WALKER THE ECONOMICS OF CASINO GAMBLING WITH 23 FIGURES AND
25 TABLES 4I!J SPRINGER CONTENTS 1 INTRODUCTION 1 1.1 OUTLINE OF THE
BOOK 2 2 CASINO GAMBLING AND ECONOMIC GROWTH 5 2.1 INTRODUCTION 5 2.2
INCREASED EMPLOYMENT AND WAGES 7 2.3 CAPITAL INFLOW 8 2.4 INCREASED TAX
REVENUES 9 2.5 IMPORT SUBSTITUTION 10 2.6 INCREASED TRADE 11 2.7
INCREASED TRANSACTIONS VOLUME 12 2.8 CONSUMER SURPLUS AND VARIETY
BENEFITS 14 2.9 POTENTIAL FOR IMMISERIZING GROWTH 15 2.10 CONCLUSION 16
3 MISCONCEPTIONS ABOUT CASINOS AND GROWTH 19 3.1 INTRODUCTION 19 3.2
INDUSTRY CANNIBALIZATION 20 3.3 THE FACTORY-RESTAURANT DICHOTOMY 23 3.4
THE EXPORT BASE THEORY OF GROWTH 25 3.5 MONEY INFLOW (MERCANTILISM) 28
3.6 CONCLUSION 32 4 EVIDENCE ON THE GROWTH EFFECTS OF GAMBLING 35 4.1
INTRODUCTION 35 4.2 THE EMPIRICAL QUESTION 35 4.3 NON-TECHNICAL
EXPLANATION OF GRANGER CAUSALITY 37 4.4 GRANGER CAUSALITY WITH PANEL
DATA 39 4.4.1 SYNOPSIS OF GRANGER S PROCEDURE 40 4.4.2 MODIFYING THE
PROCEDURE FOR PANEL DATA 42 STAGE ONE 42 STAGE TWO 43 STAGE THREE 44 4.5
EMPIRICAL RESULTS 45 4.5.1 CASINO GAMBLING 46 4.5.2 GREYHOUND RACING 49
CONTENTS 4.5.3 LOTTERIES 51 ISOLATED STATE LOTTERY MODEL 53 4.6 SUMMARY
AND CONCLUSION 55 4.6.1 CASINO GAMBLING AND GREYHOUND RACING 55 4.6.2
LOTTERIES 56 4.6.3 CONCLUSION 56 5 RELATIONSHIPS AMONG U.S. GAMBLING
INDUSTRIES 59 5.1 INTRODUCTION 59 5.2 LITERATURE REVIEW 61 5.3 DATA 64
5.3.1 GAMBLING VOLUME VARIABLES 64 5.3.2 ADJACENT-STATE VARIABLES 68
5.3.3 DEMOGRAPHIC VARIABLES 70 5.4 MODEL AND RESULTS 71 5.4.1 DISCUSSION
OF RESULTS 74 5.4.2 EFFECTS OF CROSS-EQUATION CONSTRAINTS 78 5.5 POLICY
ISSUES 79 5.5.1 TAX REVENUE 81 5.6 CONCLUSION 82 6 THE SOCIAL COSTS OF
GAMBLING 85 6.1 INTRODUCTION 85 6.1.1 CHAPTER OUTLINE 87 6.2 THE
ECONOMIC DEFINITION OF SOCIAL COST 88 6.3 MODELING SOCIAL COSTS 89
6.3.1 THE DEFINITION APPLIED 90 6.3.2 THEFT AS AN ILLUSTRATION OF SOCIAL
COST 91 6.3.3 EXTERNALITIES AND SOCIAL COSTS 93 6.3.4 ALLEGED SOCIAL
COSTS OF GAMBLING 95 6.4 LEGITIMATE SOCIAL COSTS 97 6.4.1 LEGAL COSTS 97
6.4.2 TREATMENT COSTS 100 6.4.3 PSYCHIC COSTS 100 6.5 ITEMS IMPROPERLY
DEFINED AS SOCIAL COSTS 101 6.5.1 WEALTH TRANSFERS 102 6.5.2 BAD DEBTS
103 6.5.3 BAILOUT COSTS 104 6.5.4 GOVERNMENT WELFARE EXPENDITURES 105
6.5.5 MODELING TRANSFERS 106 6.5.6 INDUSTRY CANNIBALIZATION 108 6.5.7
MONEY OUTFLOW 109 6.5.8 PRODUCTIVITY LOSSES 109 6.5.9 THEFT 110 6.6
CONCLUSION 110 CONTENTS XI 7 MISCELLANEOUS SOCIAL COST ISSUES 113 7.1
INTRODUCTION 113 7.2 PROBLEMS ESTIMATING SOCIAL COST VALUES 114 7.2.1
COUNTERFACTUAL SCENARIO 115 7.2.2 COMORBIDITY 115 7.2.3 PATHOLOGICAL
GAMBLING AND RATIONAL ADDICTION 117 7.2.4 SURVEYS ON GAMBLING LOSSES
119 7.3 UNIDENTIFIED AND UNMEASURED SOCIAL COSTS 122 7.3.1 RESTRICTION
EFFECTS 122 7.3.2 LOBBYING 125 7.3.3 SUMMARY OF POLITICAL COSTS 129 7.4
OTHER PERSPECTIVES ON SOCIAL COSTS 129 7.4.1 COST OF ILLNESS (COI)
APPROACH 130 7.4.2 ECONOMIC APPROACH 131 7.4.3 PUBLIC HEALTH PERSPECTIVE
131 7.4.4 REVISITING THE DEFINITION OF SOCIAL COST 132 7.4.5 THE
AUSTRALIAN PRODUCTIVITY COMMISSION REPORT 133 7.5 ADOPTING A SINGLE
SOCIAL COST METHODOLOGY 135 7.6 CONCLUSION 136 8 PROBLEMS IN GAMBLING
RESEARCH 139 8.1 INTRODUCTION 139 8.2 RECOGNIZING SCOPES OF EXPERTISE
142 8.3 CALLS FOR OBJECTIVITY AND TRANSPARENCY IN RESEARCH 144 8.4
GENERAL PROBLEMS IN THE LITERATURE 145 8.4.1 CONFLICT OF INTEREST
ALLEGATIONS 145 8.4.2 DISMISSING RESEARCH WITHOUT REFUTATION 146 8.4.3
IGNORING PUBLISHED WORK 148 8.4.4 FAILURE TO ANALYZE/CRITICIZE WORK
CITED 151 8.5 SPECIFIC EXAMPLES OF ERRORS 151 8.5.1 GAMBLING AS A
WASTEFUL ACTIVITY 152 WHY GAMBLING IS NOT A DUP ACTIVITY 154 DUP AND
RENT SEEKING 156 8.5.2 CASINOS AND CRIME 157 GRINOLS AND MUSTARD (2006)
158 GAZEL, RICKMAN, AND THOMPSON (2001) 161 8.5.3 GRINOLS GAMBLING IN
AMERICA 162 8.6 CONCLUSION 164 9 USING RESEARCH TO INFORM POLICY 165 9.1
INTRODUCTION 165 9.2 SUMMARY OF ECONOMIC ISSUES 165 9.2.1 BENEFITS 166
9.2.2 COSTS 167 9.2.3 GENERAL PROBLEMS 168 9.3 PREVALENCE OF
PATHOLOGICAL GAMBLING 168 XII CONTENTS 9.4 FOUNDATIONS OF GAMBLING
POLICY 170 9.4.1 ARE COST-BENEFIT ANALYSES USEFUL? 171 9.4.2 PROPERTY
RIGHTS, FREEDOM OF CHOICE, AND GOVERNMENT 172 9.4.3 EXTERNALITIES
REVISITED 173 9.5 CONCLUSION 173 APPENDIX PRIMER ON MICROECONOMICS 175
A.1 THE PRODUCTION POSSIBILITIES FRONTIER 175 A.2 THE INDIFFERENCE CURVE
179 A.3 ALLOCATIVE EFFICIENCY 181 A.4 SUPPLY, DEMAND, AND MARKETS 183
A.5 PRODUCER AND CONSUMER SURPLUS 185 A.6 SUMMARY 187 REFERENCES 189
INDEX 205
|
| adam_txt |
DOUGLAS M. WALKER THE ECONOMICS OF CASINO GAMBLING WITH 23 FIGURES AND
25 TABLES 4I!J SPRINGER CONTENTS 1 INTRODUCTION 1 1.1 OUTLINE OF THE
BOOK 2 2 CASINO GAMBLING AND ECONOMIC GROWTH 5 2.1 INTRODUCTION 5 2.2
INCREASED EMPLOYMENT AND WAGES 7 2.3 CAPITAL INFLOW 8 2.4 INCREASED TAX
REVENUES 9 2.5 IMPORT SUBSTITUTION 10 2.6 INCREASED "TRADE" 11 2.7
INCREASED TRANSACTIONS VOLUME 12 2.8 CONSUMER SURPLUS AND VARIETY
BENEFITS 14 2.9 POTENTIAL FOR IMMISERIZING GROWTH 15 2.10 CONCLUSION 16
3 MISCONCEPTIONS ABOUT CASINOS AND GROWTH 19 3.1 INTRODUCTION 19 3.2
INDUSTRY CANNIBALIZATION 20 3.3 THE FACTORY-RESTAURANT DICHOTOMY 23 3.4
THE EXPORT BASE THEORY OF GROWTH 25 3.5 MONEY INFLOW (MERCANTILISM) 28
3.6 CONCLUSION 32 4 EVIDENCE ON THE GROWTH EFFECTS OF GAMBLING 35 4.1
INTRODUCTION 35 4.2 THE EMPIRICAL QUESTION 35 4.3 NON-TECHNICAL
EXPLANATION OF GRANGER CAUSALITY 37 4.4 GRANGER CAUSALITY WITH PANEL
DATA 39 4.4.1 SYNOPSIS OF GRANGER'S PROCEDURE 40 4.4.2 MODIFYING THE
PROCEDURE FOR PANEL DATA 42 STAGE ONE 42 STAGE TWO 43 STAGE THREE 44 4.5
EMPIRICAL RESULTS 45 4.5.1 CASINO GAMBLING 46 4.5.2 GREYHOUND RACING 49
CONTENTS 4.5.3 LOTTERIES 51 ISOLATED STATE LOTTERY MODEL 53 4.6 SUMMARY
AND CONCLUSION 55 4.6.1 CASINO GAMBLING AND GREYHOUND RACING 55 4.6.2
LOTTERIES 56 4.6.3 CONCLUSION 56 5 RELATIONSHIPS AMONG U.S. GAMBLING
INDUSTRIES 59 5.1 INTRODUCTION 59 5.2 LITERATURE REVIEW 61 5.3 DATA 64
5.3.1 GAMBLING VOLUME VARIABLES 64 5.3.2 ADJACENT-STATE VARIABLES 68
5.3.3 DEMOGRAPHIC VARIABLES 70 5.4 MODEL AND RESULTS 71 5.4.1 DISCUSSION
OF RESULTS 74 5.4.2 EFFECTS OF CROSS-EQUATION CONSTRAINTS 78 5.5 POLICY
ISSUES 79 5.5.1 TAX REVENUE 81 5.6 CONCLUSION 82 6 THE SOCIAL COSTS OF
GAMBLING 85 6.1 INTRODUCTION 85 6.1.1 CHAPTER OUTLINE 87 6.2 THE
ECONOMIC DEFINITION OF "SOCIAL COST" 88 6.3 MODELING SOCIAL COSTS 89
6.3.1 THE DEFINITION APPLIED 90 6.3.2 THEFT AS AN ILLUSTRATION OF SOCIAL
COST 91 6.3.3 EXTERNALITIES AND SOCIAL COSTS 93 6.3.4 ALLEGED SOCIAL
COSTS OF GAMBLING 95 6.4 LEGITIMATE SOCIAL COSTS 97 6.4.1 LEGAL COSTS 97
6.4.2 TREATMENT COSTS 100 6.4.3 PSYCHIC COSTS 100 6.5 ITEMS IMPROPERLY
DEFINED AS SOCIAL COSTS 101 6.5.1 WEALTH TRANSFERS 102 6.5.2 BAD DEBTS
103 6.5.3 BAILOUT COSTS 104 6.5.4 GOVERNMENT WELFARE EXPENDITURES 105
6.5.5 MODELING TRANSFERS 106 6.5.6 INDUSTRY CANNIBALIZATION 108 6.5.7
MONEY OUTFLOW 109 6.5.8 PRODUCTIVITY LOSSES 109 6.5.9 THEFT 110 6.6
CONCLUSION 110 CONTENTS XI 7 MISCELLANEOUS SOCIAL COST ISSUES 113 7.1
INTRODUCTION 113 7.2 PROBLEMS ESTIMATING SOCIAL COST VALUES 114 7.2.1
COUNTERFACTUAL SCENARIO 115 7.2.2 COMORBIDITY 115 7.2.3 PATHOLOGICAL
GAMBLING AND "RATIONAL ADDICTION" 117 7.2.4 SURVEYS ON GAMBLING LOSSES
119 7.3 UNIDENTIFIED AND UNMEASURED SOCIAL COSTS 122 7.3.1 RESTRICTION
EFFECTS 122 7.3.2 LOBBYING 125 7.3.3 SUMMARY OF POLITICAL COSTS 129 7.4
OTHER PERSPECTIVES ON SOCIAL COSTS 129 7.4.1 COST OF ILLNESS (COI)
APPROACH 130 7.4.2 ECONOMIC APPROACH 131 7.4.3 PUBLIC HEALTH PERSPECTIVE
131 7.4.4 REVISITING THE DEFINITION OF "SOCIAL COST" 132 7.4.5 THE
AUSTRALIAN PRODUCTIVITY COMMISSION REPORT 133 7.5 ADOPTING A SINGLE
SOCIAL COST METHODOLOGY 135 7.6 CONCLUSION 136 8 PROBLEMS IN GAMBLING
RESEARCH 139 8.1 INTRODUCTION 139 8.2 RECOGNIZING SCOPES OF EXPERTISE
142 8.3 CALLS FOR OBJECTIVITY AND TRANSPARENCY IN RESEARCH 144 8.4
GENERAL PROBLEMS IN THE LITERATURE 145 8.4.1 CONFLICT OF INTEREST
ALLEGATIONS 145 8.4.2 DISMISSING RESEARCH WITHOUT REFUTATION 146 8.4.3
IGNORING PUBLISHED WORK 148 8.4.4 FAILURE TO ANALYZE/CRITICIZE WORK
CITED 151 8.5 SPECIFIC EXAMPLES OF ERRORS 151 8.5.1 GAMBLING AS A
WASTEFUL ACTIVITY 152 WHY GAMBLING IS NOT A DUP ACTIVITY 154 DUP AND
RENT SEEKING 156 8.5.2 CASINOS AND CRIME 157 GRINOLS AND MUSTARD (2006)
158 GAZEL, RICKMAN, AND THOMPSON (2001) 161 8.5.3 GRINOLS' GAMBLING IN
AMERICA 162 8.6 CONCLUSION 164 9 USING RESEARCH TO INFORM POLICY 165 9.1
INTRODUCTION 165 9.2 SUMMARY OF ECONOMIC ISSUES 165 9.2.1 BENEFITS 166
9.2.2 COSTS 167 9.2.3 GENERAL PROBLEMS 168 9.3 PREVALENCE OF
PATHOLOGICAL GAMBLING 168 XII CONTENTS 9.4 FOUNDATIONS OF GAMBLING
POLICY 170 9.4.1 ARE COST-BENEFIT ANALYSES USEFUL? 171 9.4.2 PROPERTY
RIGHTS, FREEDOM OF CHOICE, AND GOVERNMENT 172 9.4.3 EXTERNALITIES
REVISITED 173 9.5 CONCLUSION 173 APPENDIX PRIMER ON MICROECONOMICS 175
A.1 THE PRODUCTION POSSIBILITIES FRONTIER 175 A.2 THE INDIFFERENCE CURVE
179 A.3 ALLOCATIVE EFFICIENCY 181 A.4 SUPPLY, DEMAND, AND MARKETS 183
A.5 PRODUCER AND CONSUMER SURPLUS 185 A.6 SUMMARY 187 REFERENCES 189
INDEX 205 |
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| spelling | Walker, Douglas M. Verfasser (DE-588)132759101 aut The economics of casino gambling with 25 tables Douglas M. Walker Berlin [u.a.] Springer 2007 XII, 207 S. graph. Darst. 24 cm txt rdacontent n rdamedia nc rdacarrier Literaturverz. S. 189 - 203 Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Glücksspielmarkt (DE-588)4316442-0 gnd rswk-swf Glücksspielmarkt (DE-588)4316442-0 s Wirtschaftstheorie (DE-588)4079351-5 s DE-604 text/html http://deposit.dnb.de/cgi-bin/dokserv?id=2814419&prov=M&dok_var=1&dok_ext=htm Inhaltstext GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015610947&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Walker, Douglas M. The economics of casino gambling with 25 tables Wirtschaftstheorie (DE-588)4079351-5 gnd Glücksspielmarkt (DE-588)4316442-0 gnd |
| subject_GND | (DE-588)4079351-5 (DE-588)4316442-0 |
| title | The economics of casino gambling with 25 tables |
| title_auth | The economics of casino gambling with 25 tables |
| title_exact_search | The economics of casino gambling with 25 tables |
| title_exact_search_txtP | The economics of casino gambling with 25 tables |
| title_full | The economics of casino gambling with 25 tables Douglas M. Walker |
| title_fullStr | The economics of casino gambling with 25 tables Douglas M. Walker |
| title_full_unstemmed | The economics of casino gambling with 25 tables Douglas M. Walker |
| title_short | The economics of casino gambling |
| title_sort | the economics of casino gambling with 25 tables |
| title_sub | with 25 tables |
| topic | Wirtschaftstheorie (DE-588)4079351-5 gnd Glücksspielmarkt (DE-588)4316442-0 gnd |
| topic_facet | Wirtschaftstheorie Glücksspielmarkt |
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