Measuring Costs from Permitted Gaming: Concepts and Categories in Evaluating Gambling's Consequences

@article{Eadington2003MeasuringCF,
  title={Measuring Costs from Permitted Gaming: Concepts and Categories in Evaluating Gambling's Consequences},
  author={William R. Eadington},
  journal={Journal of Gambling Studies},
  year={2003},
  volume={19},
  pages={185-213}
}
This paper addresses the methodology of cost–benefit analysis as applied to policy alternatives regarding legally sanctioned gambling in its various forms. Existing economic studies regarding the social costs of gambling are reviewed and critiqued. Distinctions are made between definitions of social costs that are defined as actions which result in negative changes in aggregate social wealth (the “narrow” definition), and those which also include internal nonmarket costs that are borne by… CONTINUE READING

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