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Quantifying the Social Costs and Benefits of Gambling


  • Douglas M. Walker


As casinos and other forms of gambling spread across the United States, voters and policymakers are becoming increasingly interested in the potential costs and benefits from expansion in gambling industries. Since the mid-1990s, a variety of cost-benefit research has been published, much of it using flawed methodologies. This paper examines some of the most important areas of debate and disagreement among gambling researchers, and explains why the quantification of the costs and benefits of gambling is problematic. Copyright 2007 American Journal of Economics and Sociology, Inc..

Suggested Citation

  • Douglas M. Walker, 2007. "Quantifying the Social Costs and Benefits of Gambling," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 609-645, July.
  • Handle: RePEc:bla:ajecsc:v:66:y:2007:i:3:p:609-645

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    References listed on IDEAS

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    5. Levernier, William & Partridge, Mark D. & Rickman, Dan S., 1998. "Differences in Metropolitan and Nonmetropolitan U.S. Family Income Inequality: A Cross-County Comparison," Journal of Urban Economics, Elsevier, vol. 44(2), pages 272-290, September.
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    8. Joseph Gyourko, 1991. "How accurate are quality-of-life rankings across cities?," Business Review, Federal Reserve Bank of Philadelphia, issue Mar, pages 3-14.
    9. Fedderke, Johannes & Klitgaard, Robert, 1998. "Economic Growth and Social Indicators: An Exploratory Analysis," Economic Development and Cultural Change, University of Chicago Press, vol. 46(3), pages 455-489, April.
    10. Hirschberg, Joseph G. & Maasoumi, Esfandiar & Slottje, Daniel J., 1991. "Cluster analysis for measuring welfare and quality of life across countries," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 131-150, October.
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    Cited by:

    1. Alessandro Gandolfo & Valeria De Bonis, 2014. "Motivations for gambling and the choice between skill and luck gambling products: an exploratory study," Discussion Papers 2014/185, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    2. Douglas M. Walker, 2008. "Do Casinos Really Cause Crime?," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 4-20, January.
    3. Annunziata de Felice & Isabella Martucci, 2017. "Gambling as a Restraint to the Italian Economy," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 7(1), pages 1-5.
    4. Amir Borges Ferreira Neto & Collin D. Hodges & Hyunwoong Pyun, 2016. "Voting Dynamics and the Birth of State-owned Casinos in Kansas," Economics Bulletin, AccessEcon, vol. 36(1), pages 329-336.
    5. Karl Geisler & Mark Nichols, 2016. "Riverboat casino gambling impacts on employment and income in host and surrounding counties," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 56(1), pages 101-123, January.
    6. Bruce Gilley, 2017. "Technocracy and democracy as spheres of justice in public policy," Policy Sciences, Springer;Society of Policy Sciences, vol. 50(1), pages 9-22, March.
    7. Jonathan Wiley & Douglas Walker, 2011. "Casino Revenues and Retail Property Values: The Detroit Case," The Journal of Real Estate Finance and Economics, Springer, vol. 42(1), pages 99-114, January.
    8. 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.

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