The Economics of Casino Gambling
研究了美国赌场产业的经济特征,包括市场演变、定价、规模经济与范围经济、监管限制及社会影响,指出竞争性赌场有规模经济但新地区限制导致经济租金,其分配由政治决定。
America's casino industry expanded rapidly in the 1990s, spreading from Nevada and Atlantic City to mining towns, riverboats, race tracks and tribal lands, and moving from isolated resort settings to urban and suburban venues. This article examines economic characteristics of the casino industry, including the evolution of major casino markets, pricing of gaming products, market structures, regulatory constraints, and social and economic impacts attributable to casinos. When competitive, casinos show strong economies of scale and scope, but many new jurisdictions limit the number or size of operations, thus creating substantial economic rents. Allocation of these rents are fundamentally politically determined.