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The political economy of gambling regulation

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  • Raymond D. Sauer

    (Clemson University, Clemson, SC, USA)

Abstract

This paper presents an interest group model of gambling regulation and applies it to major changes in the regulation of US gambling markets. Gambling markets are among the most restricted and politicized markets in the American economy, yet economists interested in the economics of regulation have paid them little attention. Applying the economic theory of regulation to gambling markets can lead to greater understanding of current public policy. In addition, this application may shed light on the discipline itself, as to its ability to explain recurrent fluctuations in the extent of regulatory intervention over long periods of time. Broadly speaking, the interest group model is consistent with changes in the extent of regulation, including the recent period of liberalization and consequent growth in gambling. Copyright © 2001 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/mde.996
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

Volume (Year): 22 (2001)
Issue (Month): 1-3 ()
Pages: 5-15

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Handle: RePEc:wly:mgtdec:v:22:y:2001:i:1-3:p:5-15

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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976

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  1. Martin, Robert & Yandle, Bruce, 1990. " State Lotteries as Duopoly Transfer Mechanisms," Public Choice, Springer, Springer, vol. 64(3), pages 253-64, March.
  2. Easterlin, Richard A., 1976. "Population Change and Farm Settlement in the Northern United States," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 36(01), pages 45-75, March.
  3. Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 98(3), pages 371-400, August.
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Cited by:
  1. Juin-Jen Chang & Ching-Chong Lai & Ping Wang, 2004. "On the Public Economics of Casino Gambling," IEAS Working Paper : academic research, Institute of Economics, Academia Sinica, Taipei, Taiwan 04-A005, Institute of Economics, Academia Sinica, Taipei, Taiwan.
  2. Humphreys, Brad R. & Soebbing, Brian, 2012. "Sports betting, sports bettors and sports gambling policy," Edition HWWI: Chapters, in: Sport und Sportgroßveranstaltungen in Europa - zwischen Zentralstaat und Regionen, pages 15-37 Hamburg Institute of International Economics (HWWI).
  3. Humphreys, Brad R. & Perez, Levi, 2012. "Who Bets on Sports? Characteristics of Sports Bettors and the Consequences of Expanding Sports Betting Opportunities/¿Quién apuesta? Características de los apostantes deportivos y consecuencias de ," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 30, pages 579-598, Agosto.
  4. David Paton & Donald S. Siegel & Leighton Vaughan Williams, 2002. "A Policy Response To The E--Commerce Revolution: The Case Of Betting Taxation In The UK," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 112(480), pages F296-F314, June.

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