Search Results
Journal Article
Casinos shakeout was mild, upswing expected for Mississippi
Journal Article
Not a great bet
Lotteries and other forms of government-sanctioned gambling have spread rapidly across the Ninth District. What kind of jackpot do they really deliver to state and local governments?
Working Paper
Risk taking and the quality of informal insurance: gambling and remittances in Thailand
More than 35% of Thai households either give or receive remittances, and remittances account for about one-third of the income of the receiving households. Remittance relationships may be an important source of protection against adverse events for the individuals involved. This paper provides evidence that remittances behave in a way that is consistent with insurance: they are sensitive to shocks to regional rainfall and they respond to household level events. The paper goes on to consider how the quality of insurance that is offered through remittances affects household risk taking ...
Journal Article
Political economy of Indian gaming: the New England experience
Working Paper
Spatial competition and cross-border shopping
This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We first develop a simple theoretical model in which consumers choose between state lotteries and face a trade-off between travel costs and the price of a fair gamble, which is declining in the size of the jackpot and the odds of winning. Given this trade-off, the model predicts that per-resident sales should be more responsive to prices in small states with densely populated borders, relative to large states with sparsely populated borders. Our empirical analysis ...
Journal Article
Casinos and cities: can they live together?
In 2011, Governor Patrick signed a bill authorizing casinos in Massachusetts. As other New England states consider their options, it is important to explore how casinos might affect the municipalities where they end up being built.
Journal Article
Taking food from mouths?
Do lottery tickets and other forms of gambling compete with essentials in the household budget? Yes, says a recent economic analysis, but that's not necessarily a bad thing.
Journal Article
Behind lottery mania: what Southeastern states can expect