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Gambling in America

Author

Listed:
  • Grinols,Earl L.

Abstract

Gambling in America carefully breaks ground by developing analytical tools to assess the benefits and costs of the economic and social changes introduced by casino gambling in monetary terms, linking them to individual households' utility and well-being. Since casinos are associated with unintended and often negative economic consequences, these factors are incorporated into the discussion. The book also shows how amenity benefits - for casinos, the benefit to consumers of closer proximity - enter the evaluation. Other topics include agent incentives and public decision making, conceptual clarifications about economic development, cost-benefit analysis, and net export multiplier models. Professor Grinols finds that, in considering all relevant factors, the social costs of casino gambling outweigh their social benefits.

Suggested Citation

  • Grinols,Earl L., 2004. "Gambling in America," Cambridge Books, Cambridge University Press, number 9780521830133, September.
    • Handle: RePEc:cup:cbooks:9780521830133
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    Citations

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    Cited by:

    1. Earl L. Grinols & David B. Mustard, 2008. "Connecting Casinos and Crime: More Corrections of Walker," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 156-162, May.
    2. Douglas M. Walker, 2008. "The Diluted Economics of Casinos and Crime: A Rejoinder to Grinols and Mustard’s Reply," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 148-155, May.
    3. Megan D. Williams, 2007. "The Tenth District's defining industries: changes and opportunities for rural communities," Main Street Economist, Federal Reserve Bank of Kansas City, issue 5.
    4. John L. Scott & Paul S. Nelson, 2007. "Voting with a Hand on the Bible and Not on the Wallet: The 1996 Video Poker Referendum in Louisiana," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 571-591, July.
    5. Earl L. Grinols & David B. Mustard, 2006. "Casinos, Crime, and Community Costs," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 28-45, February.
    6. Zhao, Qingbin & Li, Guoqiang & Gu, Xinhua & Lei, Chun Kwok, 2021. "Inequality hikes, saving surges, and housing bubbles," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 349-363.
    7. Douglas M. Walker, 2008. "Do Casinos Really Cause Crime?," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 4-20, January.
    8. Thaddieus W. Conner & William A. Taggart, 2009. "The Impact of Gaming on the Indian Nations in New Mexico," Social Science Quarterly, Southwestern Social Science Association, vol. 90(1), pages 50-70, March.
    9. Gu, Xinhua & Li, Guoqiang & Chang, Xiao & Guo, Haizhen, 2017. "Casino tourism, economic inequality, and housing bubbles," Tourism Management, Elsevier, vol. 62(C), pages 253-263.
    10. Chad R. Wilkerson & Megan D. Williams, 2007. "The Tenth District's defining industries: how are they changing?," Economic Review, Federal Reserve Bank of Kansas City, vol. 92(Q III), pages 59-81.
    11. Douglas M. Walker, 2007. "Problems in Quantifying the Social Costs and Benefits of Gambling," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 609-645, July.
    12. Douglas M. Walker & John D. Jackson, 2007. "Do Casinos Cause Economic Growth?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 593-607, July.
    13. Scott Farrow & Judith Shinogle, 2010. "Are There Net State Social Benefits or Costs from Legalizing Slot Machine Gambling?," UMBC Economics Department Working Papers 10-128, UMBC Department of Economics.
    14. Randall K. Q. Akee & Katherine A. Spilde & Jonathan B. Taylor, 2015. "The Indian Gaming Regulatory Act and Its Effects on American Indian Economic Development," Journal of Economic Perspectives, American Economic Association, vol. 29(3), pages 185-208, Summer.
    15. Martin Young & Francis Markham, 2017. "Coercive commodities and the political economy of involuntary consumption: The case of the gambling industries," Environment and Planning A, , vol. 49(12), pages 2762-2779, December.

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