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Casinonomics pp 177-196 | Cite as

Issues in Social Cost Analysis

  • Douglas M. Walker
Chapter
Part of the Management for Professionals book series (MANAGPROF)

Abstract

In the previous chapter, I explained a mainstream economics definition of “social cost” and how it could be applied in cost–benefit analyses of gambling. Throughout the chapter, potential pitfalls of cost–benefit analyses are indicated by way of specific examples from previous studies. Cost–benefit analyses have garnered a significant amount of attention from media, industry, government, and researchers. Yet, aside from the fundamental problem of defining social cost, performing such studies in any meaningful and useful way is surprisingly difficult to do. In this chapter, we examine different issues that complicate social cost analysis. This chapter complements the previous one, as it raises some new issues or emphasizes issues only mentioned in Chap. 13.

Keywords

Problem Gambling Social Cost Pathological Gambling Gambling Behavior Casino Gambling 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Douglas M. Walker
    • 1
  1. 1.Department of Economics & FinanceCollege of CharlestonCharlestonUSA

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