The Diluted Economics of Casinos and Crime: A Rejoinder to Grinols and Mustardâ€™s Reply
AbstractIn their reply to my comment (Walker 2008) Grinols and Mustard explained that in their original study (2006) their interest was â€œin the costs to the host county associated with a change in crime from whatever sourceâ€ (Grinols and Mustard 2008, p. 22). In this rejoinder, I explain that the estimated costs of crime attributable to casinos will be overstated if the estimated crime effects are based on the â€œundilutedâ€ crime rate used by Grinols and Mustard (2006). I also discuss why this issue is important, in the context of â€œsocial cost of casino gamblingâ€ estimates that are frequently quoted in political debate and by the media.
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Bibliographic InfoArticle provided by Econ Journal Watch in its journal Econ Journal Watch.
Volume (Year): 5 (2008)
Issue (Month): 2 (May)
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- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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- Falls, Gregory A. & Thompson, Philip B., 2014. "Casinos, casino size, and crime: A panel data analysis of Michigan counties," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(1), pages 123-132.
- Humphreys, Brad & Marchand, Joseph, 2012.
"New Casinos and Local Labor Markets: Evidence from Canada,"
2012-16, University of Alberta, Department of Economics, revised 01 Nov 2012.
- Humphreys, Brad R. & Marchand, Joseph, 2013. "New casinos and local labor markets: Evidence from Canada," Labour Economics, Elsevier, vol. 24(C), pages 151-160.
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