Casinonomics pp 19-24

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Gambling, Consumer Behavior, and Welfare

  • Douglas M. Walker
Chapter

Abstract

Chapter 2 examined several basic explanations for how the introduction of casinos to a state or a region could have a positive impact on economic growth or the overall output (or income) of the economy. In this chapter I discuss the role of consumer welfare in the economic growth equation. We wish to move beyond a simple tallying of the spending on the building of casinos, of the wages paid to casino employees, or of the taxes paid by casinos to state governments. How does the proliferation of casinos affect people’s well-being?

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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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