Earl L. Grinols

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.

Costs and Benefits

Gambling in America

John McMillan

Motoshige Itoh

Takashi Negishi

Most economic activity involves cross-border transactions at some point in the supply chain. The volumes reprinted here offer a wide range of perspectives on one of the most important areas of economics.

Earl L. Grinols

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