ISBN-10:
0521124174
ISBN-13:
9780521124171
Pub. Date:
12/03/2009
Publisher:
Cambridge University Press
Gambling in America: Costs and Benefits

Gambling in America: Costs and Benefits

by Earl L. Grinols

Paperback

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Product Details

ISBN-13: 9780521124171
Publisher: Cambridge University Press
Publication date: 12/03/2009
Edition description: New Edition
Pages: 248
Product dimensions: 5.90(w) x 8.90(h) x 0.70(d)

Table of Contents

List of Tables and Figuresxi
Acknowledgmentsxiii
1Introduction1
Conclusion12
2Considerations13
Background18
Freedom, Externalities, and Public Policy24
3Agents and Incentives27
The Proponents28
Owners28
Lobbyists32
American Indians36
The Players45
The Government47
Jurisdictional Conundrums50
The Opponents52
Summary52
4Economic Development55
Jobs and Economic Development56
"Major-League Losers' Fields of Schemes"65
Jobs67
Multiplier Models: Reliability71
Cannibalization73
Leakage78
Multipliers79
A Net Export Multiplier Model79
Industry-Sponsored Research: The Evans Group Example88
Conclusions92
5Cost-Benefit Analysis95
Theory97
Common Mistakes in Applying Cost-Benefit Analysis108
6Social Benefits111
Value Once Again112
Distance Benefits114
Profits and Taxes125
The Other Benefits127
Conclusions128
7Social Costs131
Social Cost Taxonomy132
Crime133
Business and Employment Costs135
Bankruptcy139
Suicide141
Illness143
Social Service Costs144
Direct Regulatory Costs144
Family Costs145
Abused Dollars145
Examples146
The Numbers167
8The Present and The Future175
Conclusion181
ACost-Benefit to the Locality: A Scenario189
Revenue, Profits, Taxes190
Regional Income191
Cost-Benefit193
Lessons195
Glossary197
Notes203
References215

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