ギャンブルと国営くじの経済学<br>The Economics of Gambling and National Lotteries (International Library of Critical Writings in Economics)

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ギャンブルと国営くじの経済学
The Economics of Gambling and National Lotteries (International Library of Critical Writings in Economics)

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  • 製本 Hardcover:ハードカバー版/ページ数 574 p.
  • 言語 ENG
  • 商品コード 9781843763444
  • DDC分類 795

Full Description


In recent years there has been a substantial global increase in interest in the study of gambling. To some extent this has mirrored seismic changes in the way that betting and gaming markets worldwide are taxed and regulated. This has heightened interest in a wide range of issues related to this sector including its regulation, public policy and commercial strategy as well as the ideal structure of gambling taxes and devising optimal responses to environmental changes, such as the growth of online gambling. This volume, by bringing together the work of leading scholars, will cover the spectrum of such perspectives, as well as examining the efficiency of betting markets, to provide an assessment of developments and current understanding in the study of the economics of gambling. This timely collection will be an immensely valuable resource for academics, policy-makers, those commercially involved in the betting and gaming sectors as well as the interested layman.

Table of Contents

Acknowledgements                                   ix
Introduction xiii
Leighton Vaughan Williams
PART I THE ECONOMICS OF RACETRACK BETTING
1 `Odds Adjustments by American Horse-Race 3 (5)
Bettors', American Journal of Psychology,
62 (2), April, 290--94
R.M. Griffith
2 `Horse Racing: Testing the Efficient 8 (10)
Markets Model', Journal of Finance, XXXIII
(4), September, 1109--18
Wayne W. Snyder
3 `Anomalies. Parimutuel Betting Markets: 18 (14)
Racetracks and Lotteries', Journal of
Economic Perspectives, 2 (2), Spring,
161--74
Richard H. Thaler
William T. Ziemba
4 `On the Efficiency and Equity of Betting 32 (12)
Markets', Economica, New Series, 43 (170),
May, 139--50
Jack Dowie
5 `Betting and Equilibrium', Quarterly 44 (7)
Journal of Economics, 101 (1), February,
201--7
Richard E. Quandt
6 `Bettors Love Skewness, Not Risk, at the 51 (21)
Horse Track', Journal of Political Economy,
106 (1), 205--25
Joseph Golec
Maurry Tamarkin
7 `A Note on the Hayek Hypothesis and the 72 (7)
Favorite--Longshot Bias in Parimutuel
Betting', American Economic Review, 85 (4),
September, 949--55
William Hurley
Lawrence McDonough
8 `Market Efficiency in Person-to-Person 79 (17)
Betting', Economica, 73, November, 673--89
Michael A. Smith
David Paton
Leighton Vaughan Williams
9 `Optimal Betting Odds against Insider 96 (7)
Traders', Economic Journal, 101 (408),
September, 1179--85
Hyun Song Shin
10 `Why is There a Favourite--Longshot Bias 103 (9)
in British Racetrack Betting Markets?',
Economic Journal, 107 (440), January,
150--58
Leighton Vaughan Williams
David Paton
11 `Some Evidence of Insider Knowledge in 112 (10)
Horse Race Betting in Britain', Economica,
New Series, 52 (207), August, 295--304
N.F.R. Crafts
12 `Information Efficiency in Betting 122 (30)
Markets: A Survey', Bulletin of Economic
Research, 51 (1), 1--30
Leighton Vaughan Williams
13 `Revealing Weak-Form Inefficiency in a 152 (20)
Market for State Contingent Claims: The
Importance of Market Ecology, Modelling
Procedures and Investment Strategies',
Economica, 77, January, 128--47
M. Sung
J.E.V. Johnson
14 `Searching for Positive Returns at the 172 (21)
Track: A Multinomial Logit Model for
Handicapping Horse Races', Management
Science, 32 (8), August, 1040--60
Ruth N. Bolton
Randall G. Chapman
15 `An Exception to the Risk Preference 193 (12)
Anomaly', Journal of Business, 61 (3),
July, 337--46
Kelly Busche
Christopher D. Hall
PART II THE ECONOMICS OF SPORTS BETTING
16 `The Favourite-Longshot Bias and Market 205 (12)
Efficiency in UK Football Betting',
Scottish Journal of Political Economy, 47
(1), February, 25--36
Michael Cain
David Law
David Peel
17 `Forecasting Outcomes in Spread Betting 217 (16)
Markets: Can Bettors Use "Quarbs" to Beat
the Book?', Journal of Forecasting, 24,
139--54
David Paton
Leighton Vaughan Williams
18 `Does the Basketball Market Believe in 233 (5)
the "Hot Hand"?', American Economic Review,
79 (5), December, 1257--61
Colin F. Camerer
19 `Does the Basketball Market Believe in 238 (10)
the "Hot Hand"? Comment', American Economic
Review, 83 (5), December, 1377--86
William O. Brown
Raymond D. Sauer
20 `Why are Gambling Markets Organised so 248 (27)
Differently from Financial Markets?',
Economic Journal, 114, April, 223--46
Steven D. Levitt
PART III THE ECONOMICS OF GAMING AND CASINO
GAMBLING
21 `The Economics of Casino Gambling', 275 (20)
Journal of Economic Perspectives, 13 (3),
Summer, 173--92
William R. Eadington
22 `The Elasticity of Demand for Gambling', 295 (8)
Quarterly Journal of Economics, 93 (1),
February, 155--62
Daniel B. Suits
23 `Casino Taxation in the United States', 303 (22)
National Tax Journal, LVIII (2), June,
303--24
John E. Anderson
24 `A Policy Response to the E-Commerce 325 (19)
Revolution: The Case of Betting Taxation in
the UK', Economic Journal, 112 (480), June,
F296--F314
David Paton
Donald S. Siegel
Leighton Vaughan Williams
25 `Taxation and the Demand for Gambling: 344 (15)
New Evidence from the United Kingdom',
National Tax Journal, LVII (4), December,
847--61
David Paton
Donald S. Siegel
Leighton Vaughan Williams
26 `The Economic Impacts of Casino Gambling 359 (19)
at the State and Local Levels', Annals of
the American Academy of Political and
Social Science, 556, March, 66--84
Ricardo Gazel
27 `The Impact of Indian Casinos on State 378 (9)
Lotteries: A Case Study of Arizona', Public
Finance Review, 29 (2), March, 139--47
Donald Siegel
Gary Anders
28 `Has Riverboat Gambling Reduced State 387 (13)
Lottery Revenue?', Public Finance Review,
30 (3), May, 235--47
Donald S. Elliott
John C. Navin
29 `Do U.S. Gambling Industries Cannibalize 400 (26)
Each Other?', Public Finance Review, 36
(3), May, 308--33
Douglas M. Walker
John D. Jackson
30 `The Effect of Casinos on Local Labor 426 (25)
Markets: A Country Level Analysis', Journal
of Gambling Business and Economics, 2,
17--41
Chad Cotti
31 `Is Gaming the Optimal Strategy? The 451 (8)
Impact of Gaming Facilities on the Income
and Employment of American Indians',
Economics Letters, 95, 428--32
Patricia B. Reagan
Robert J. Gitter
PART IV THE ECONOMICS OF NATIONAL AND STATE
LOTTERIES
32 `A Test of the Gambler's Fallacy: 459 (9)
Evidence from Pari-mutuel Games', Journal
of Risk and Uncertainty, 8 (3), 309--17
Dek Terrell
33 `Lotteries in the Real World', Journal 468 (6)
of Risk and Uncertainty, 4 (3), 227--32
Charles T. Clotfelter
Philip J. Cook
34 `Notes: The "Gambler's Fallacy" in 474 (5)
Lottery Play', Management Science, 39 (12),
December, 1521--5
Charles T. Clotfelter
Philip J. Cook
35 `Gambling at Lucky Stores: Empirical 479 (16)
Evidence from State Lottery Sales',
American Economic Review, 98 (1), March,
458--73
Jonathan Guryan
Melissa S. Kearney
36 `Gamblers Favor Skewness, Not Risk: 495 (6)
Further Evidence from United States'
Lottery Games', Economics Letters, 63,
85--90
Thomas A. Garrett
Russell S. Sobel
37 `Buying a Dream: Alternative Models of 501 (12)
Demand for Lotto', Economic Inquiry, 40
(3), July, 485--96
David Forrest
Robert Simmons
Neil Chesters
38 `The Demand for Parimutuel Horse Race 513 (15)
Wagering and Attendance', Management
Science, 41 (1), January, 129--43
Richard Thalheimer
Mukhtar M. Ali
39 `State Lotteries and Consumer Behavior', 528 (31)
Journal of Public Economics, 89 (11--12),
December, 2269--99
Melissa Schettini Kearney
40 `Dueling Jackpots: Are Competing Lotto 559
Games Complements or Substitutes?'.
Atlantic Economic Journal 34, 85--100
Kent R. Grote
Victor A. Matheson