Search Results
Journal Article
Breaching the \\"Buckskin Curtain\\"
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
Casino gaming and local employment trends
Casino gambling has become a major industry in the United States. Economic development, especially through increases in employment, is the primary justification for casino development in a local area. This article estimates the employment effects of casino gambling for six counties in the Midwest and southern United States using ARIMA forecasting models. The results suggest that rural counties that adopt casino gambling as a major industry experience significant gains in payroll and household employment. The effects are less pronounced in urban counties, partly due to the higher volatility of ...
Journal Article
They're off
Off-track betting and remote TV feeds combine to make horse racing in Virginia look economically viable despite a gloomy national outlook for the business.
Journal Article
Florida and Georgia find jackpots with lotteries
Journal Article
Political economy of Indian gaming: the New England experience
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?
Journal Article
Policy update : Bidding begins for Maryland \\"Racinos\\"
Working Paper
No smoking at the slot machines: the effect of a smoke-free law on Delaware gaming revenues
As communities around the nation consider laws restricting smoking in public places, a key political and economic issue that often arises is the effect that such laws have on the sales and profits of particular sectors. The gaming industry has been active in opposition to such ordinances, citing large prospective losses. This article analyzes the revenues of three gaming facilities in Delaware following the implementation of a smoke-free law in December 2002. Revenues are found to have declined significantly at each of the three facilities, with relative magnitudes of losses corresponding to ...