attempt to fill this gap, by analyzing the impact of IT on the relative productivity of gambling establishments. Ours is also … the first empirical study of productivity in gambling, one of the fastest growing industries in the service sector. The … productivity (e.g., Brynjolfsson and Hitt (1996)) and Morrison (1997)), but little evidence on this relationship in services. We …

This paper shows that households with positional concerns and convex status utility use gambling to attempt … results strongly indicate that households who care about status are more likely to participate in gambling and invest more in … gambling, while they save less. …