Gambling in America : costs and benefits

Bibliographic Information

Gambling in America : costs and benefits

Earl L. Grinols

Cambridge University Press, 2009, c2004

  • : pbk

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Note

"First published 2004. This digitally printed version 2009"--T.p. verso

Bibliography: p. 215-224

Includes index

Description and Table of Contents

Description

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.

Table of Contents

  • 1. Introduction
  • 2. Considerations
  • 3. Agents and incentives
  • 4. Economic development
  • 5. Cost-benefit analysis
  • 6. Social benefits
  • 7. Social costs
  • 8. The present and the future.

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