The Oxford Handbook of the Economics of Gambling

Overview


There is growing interest among academics and policymakers in the economics of gambling, which has been stimulated by major regulatory and tax changes in the U.S., U.K. Continental Europe, Asia, Australia and elsewhere. Unfortunately, there is no comprehensive source of path-breaking research on this topic. To fill this gap, we commissioned chapters from leading economists on all aspects of gambling research. Topics covered include the optimal taxation structure for various forms of gambling, factors influencing...
See more details below
Other sellers (Hardcover)
  • All (7) from $130.58   
  • New (6) from $130.58   
  • Used (1) from $142.56   

Overview


There is growing interest among academics and policymakers in the economics of gambling, which has been stimulated by major regulatory and tax changes in the U.S., U.K. Continental Europe, Asia, Australia and elsewhere. Unfortunately, there is no comprehensive source of path-breaking research on this topic. To fill this gap, we commissioned chapters from leading economists on all aspects of gambling research. Topics covered include the optimal taxation structure for various forms of gambling, factors influencing the demand and supply of gambling services, forecasting of gambling trends, regulation of gambling, the efficiency of racetrack and sports betting markets, gambling prevalence and behavior, modeling the demand for gambling services, the economic impact of gambling, substitution and complementarities among different types of gambling activity, and the relationship between gambling and other sectors of the economy. These are all important issues, with significant global implications. Specifically, we divide the Handbook into sections on casinos, sports betting, horserace betting, betting strategy, motivation, behavior and decision-making in betting markets, prediction markets and political betting, and lotteries and gambling machines
Read More Show Less

Product Details

  • ISBN-13: 9780199797912
  • Publisher: Oxford University Press
  • Publication date: 11/12/2013
  • Series: Oxford Handbooks Series
  • Pages: 752
  • Product dimensions: 6.90 (w) x 9.90 (h) x 1.60 (d)

Meet the Author

Leighton Vaughan Williams is Head of Economics Research and Director of the Betting Research Unit and Political Forecasting Unit at Nottingham Business School, Nottingham Trent University

Donald S. Siegel is Professor and Dean of the School of Business at the University at Albany, SUNY

Read More Show Less

Table of Contents

Introduction
SECTION I: CASINOS
1. The Employment Impact of Casino Gambling in the U.S., Gary Anders
2. The Economics of Casino Taxation, John E. Anderson
3. The Elasticity of Casino Gambling Mark W. Nichols and Mehmet Serkan Tosun
4. The Economics of Asian Casino Gaming and Gambling Ricardo Chi Sen Siu
5. How Does Implementation of a Smoking Ban Affect Gaming?, John C. Navin, Timothy S. Sullivan, and Warren D. Richards
6. Overview of the Economics and Social Impacts of Gambling in the United States, Douglas M. Walker

SECTION II: SPORTS BETTING
7. The Economics of Online Sports Betting, George Diemer and Ryan M. Rodenberg
8. The Football Pools, David Forrest and Levi Pérez
9. The Efficiency of Soccer Betting Markets, John Goddard
10. The Efficiency of Pelota Betting Markets, Loreto Llorente, Josemari Aizpurua, and Javier Puértolas
11. The Lure of the Pitcher: How the Baseball Betting Market is Influenced by Elite Starting Pitchers, Rodney J. Paul, Andrew P. Weinbach, and Brad R. Humphreys
12. Information Efficiency in High-Frequency Betting Markets, J. James Reade and John Goddard

SECTION III: HORSERACE BETTING
13. On the Long-Run Sustainability of Tote Betting Markets, David Edelman
14. The Economics of Racetrack-Casino (Racino) Gambling, Richard Thalheimer
15. The Modern Racing Landscape and the Racetrack Wagering Market: Components of Demand, Subsidies, and Efficiency, Ramon P. DeGennaro and Ann B. Gillette
16. What Explains the Existence of an Exchange Overround?, David Marginson
17. Insider Trading in Betting Markets, Adi Schnytzer
18. Pricing Decisions and Insider Trading in Fixed-Odds Horse Betting Markets, Adi Schnytzer, Vasiliki Makropoulo, and Martien Lamers

SECTION IV: BETTING STRATEGY
19. Betting on Simultaneous Events and Accumulator Gambles, Andrew Grant
20. A Primer on the Mathematics of Gambling, Robert C. Hannum
21. The Science and Economics of Poker, Robert C. Hannum
22. The Kelly Criterion with Games of Chance, Leonard C. Maclean and William T. Ziemba
23. Exploiting Expert Analysis? Evidence from Event Studies in an Information-Rich Market Environment, Michael A. Smith

SECTION V: MOTIVATION, BEHAVIOR AND DECISION-MAKING IN BETTING MARKETS
24. Betting Motivation and Behavior, Alistair Bruce
25. Motivation in Betting Markets: Speculation, Calculus, or Fun?, Les Coleman
26. Evidence of Biased Decision-Making in Betting Markets, David McDonald, Ming-Chien Sung, and Johnnie Johnson
27. Behavioral Finance and Point-Spread Wagering Markets, Greg Durham

SECTION VI: PREDICTION MARKETS AND POLITICAL BETTING
28. A Simple Automated Market Maker for Prediction Markets, David Johnstone
29. The Long History of Political Betting Markets: An International Perspective, Paul W. Rhode and Koleman Strumpf

SECTION VII: LOTTERIES AND GAMBLING MACHINES
30. The Efficiency of Lottery Markets, David Forrest and O. David Gulley
31. The National Lottery, John Lepper and Stephen Creigh-Tyte
32. The Benefits and Costs of Slot Machine Gambling, Scott Farrow and Chava Carter
33. The Economics of Lotteries: A Survey of the Literature, Kent Grote and Victor A. Matheson
34. The Taxation of Gambling Machines: A Theoretical Perspective, Leighton Vaughan Williams and David Paton

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)