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.
General
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