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 ...
Working Paper
Inter-temporal differences in the income elasticity of demand for lottery tickets
We estimate annual income elasticities of demand for lottery tickets using roughly twenty years of county-level data for three states. We find that the income elasticity of demand (and thus the tax burden) for lottery tickets has changed over time. We argue that these changes are due to changes in a state's lottery game portfolio and the growth in consumer income. Trends in the income elasticity of demand for instant and online lottery games appear to be different. Our results question the long-term growth potential of lottery revenue and have policy implications for state governments and ...
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\\"