The impact of riverboat casinos on the demand for gambling at casino resorts: a theoretical and empirical investigation
We provide conditions under which a casino resort enjoys an increase in demand following the entry of a riverboat casino in a separate geographical market. Gambling is modeled as an 'experience good', whereby consumers are uncertain of the benefit they will receive from the activity prior to engaging in it. The riverboat casino provides nearby consumers with the opportunity to experience gambling without having to incur large transportation costs. Those consumers who discover that they enjoy gambling travel to the casino resort for a vacation next period. Our theoretical results are supported by empirical evidence for casinos in Las Vegas. Copyright © 2001 John Wiley & Sons, Ltd.
Volume (Year): 22 (2001)
Issue (Month): 1-3 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gabszewicz, Jean & Pepall, Lynne & Thisse, Jacques-Francois, 1992.
"Sequential Entry with Brand Loyalty Caused by Consumer Learning-by-Using,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 40(4), pages 397-416, December.
- GABSZEWICZ,Â Jean J. & PEPALL, Lynne & THISSE, Jacques-FranÃ§ois, . "Sequential entry with brand loyalty caused by consumer learning-by-using," CORE Discussion Papers RP 1018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Gabszewicz, J.J. & Pepall, L. & Thisse, J.F., 1992. "Sequential Entry with Brand Loyalty Caused by Consumer Learning-by-Using," Papiers d'Economie MathÃ©matique et Applications 92-17, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).
- Nelson, Phillip, 1970. "Information and Consumer Behavior," Journal of Political Economy, University of Chicago Press, vol. 78(2), pages 311-29, March-Apr.
When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:22:y:2001:i:1-3:p:97-111. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.