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The Economics of Casino Gambling is a comprehensive discussion of the social and economic costs and benefits of legalized gambling. It is the only comprehensive discussion of these issues available on the market. Introduction11 Outline of the bookCasino gambling and economic growth22 Increased employment and wages23 Capital inflow24 Increased tax revenues25 Import substitution26 Increased trade651 Wealth transfers652 Bad debts653 Bailout costs654 Government welfare expenditures655 Modeling transfers656 Industry cannibalization657 Money outflow659 Theft27 Онлайн казино в россии играть transactions volume28 Consumer surplus and variety benefits29 Potential for immiserizing игра найти тайник с деньгами ConclusionMisconceptions about casinos and growth32 Industry cannibalization33 The factoryrestaurant dichotomy34 The export base theory of онлайн казино в россии играть Money inflow mercantilism36 ConclusionEvidence on the growth effects of gambling43 Nontechnical explanation of Granger causality44 Granger causality with panel data441 Synopsis of Grangers procedure442 Modifying the procedure for panel dataStage twoStage three45 Empirical results451 Casino gambling452 Greyhound racing453 LotteriesIsolated state lottery model46 Summary and conclusion462 LotteriesRelationships among US gambling industries52 Literature review53 Data532 Adjacentstate variables533 Demographic variables54 Model and results541 Discussion of онлайн казино в россии играть Effects of crossequation constraints55 Policy issues551 Tax revenue56 ConclusionThe social costs of gambling611 Chapter outline62 The economic definition of social cost63 Modeling social costs631 The definition applied632 Theft as an illustration of social онлайн казино в россии играть Externalities and social costs634 Alleged social costs of gambling2964 Legitimate social costs642 Treatment costs65 Items improperly defined as social costsMiscellaneous social cost issues72 Problems estimating social cost values721 Counterfactual scenario723 Pathological gambling and rational addiction724 Surveys on gambling losses73 Unidentified and unmeasured social costs732 Lobbying733 Summary of political costs741 Cost of illness COI approach742 Economic approach744 Revisiting the definition of social cost745 The Australian Productivity Commission report75 Adopting a single social cost methodology76 ConclusionProblems in gambling research82 Recognizing scopes of expertise83 Calls for objectivity and transparency in research84 General problems in the literature842 Dismissing research without refutation843 Ignoring published work844 Failure to analyzecriticize work cited851 Gambling as a wasteful activityWhy gambling is not a DUP activityDUP and официальный казино вулкан онлайн seeking852 Casinos and crimeGrinols and Mustard 2006Gazel Rickman and Thompson 2001853 Grinols Gambling in America3386 ConclusionConclusion921 Benefits922 Costs923 General problems94 Foundations of gambling policy941 Are costbenefit analyses useful.
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