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Luck vs skill in gambling over the recession : evidence from Italy

Capacci, Sara; Randon, Emanuela; Scorcu, Antonello E. - 2014

We perform an econometric analysis of the gambling market in Italy over the recession (2009-2012), observing the …. Whereas gambling initially behaves as normal good, in the long run luck games increase with the worsening of economic …

Persistent link: https://www.econbiz.de/10011729140

Event clustering and abnormal returns : reassessing the informational value of bets

Castellani, Massimiliano; Pattitoni, Pierpaolo; … - 2012 - This version: January 27, 2012

An avalanche of empirical studies has addressed the validity of the rank-size rule (or Zipf's law) in a multi-city context in many countries. City size in most countries seems to obey Zipf's law, but the question under which conditions (e.g. sample size, spatial scale) this 'law' holds remained...

Persistent link: https://www.econbiz.de/10011734266

Measuring skill and chance in games

Dürsch, Peter; Lambrecht, Marco; Oechssler, Joerg - 2017 - This version: December 20, 2017

Online and offline gaming has become a multi-billion dollar industry.However, games of chance are prohibited or tightly regulated in many jurisdictions. Thus, the question whether a game predominantly depends on skill or chance has important legal and regulatory implications. In this paper, we...

Persistent link: https://www.econbiz.de/10011798398

Gaming, states and tax revenues : the tortoise or the hare : a CGE comparative assessment of casino resorts and racinos

Lahr, Michael L.; Alvarez, Maria - 2013

State tax revenues from casinos as a share of total state gaming revenues generally correlate well with the year of legalization. Theoretically speaking, heavy tax rates should dampen growth of the casino revenues in states that adopt them. Indeed, states with lower tax rates tend to have larger...

Persistent link: https://www.econbiz.de/10011616678

Career lotto : labor supply in winner-take-all markets

Grove, Wayne A.; Jetter, Michael; Papps, Kerry L. - 2018

Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...

Persistent link: https://www.econbiz.de/10011955395

Do basketball scoring patterns reflect illegal point shaving or optimal in‐game adjustments?

Gregory, Jesse - In: Quantitative economics : QE ; journal of the … 9 (2018) 2, pp. 1053-1085

This paper develops and estimates a model of college basketball teams' search for scoring opportunities, to provide a benchmark of the winning margin distributions that should arise if teams' only goal is to win. I estimate the model's structural parameters using first‐half play‐by‐play...

Persistent link: https://www.econbiz.de/10011994549

Do smoking bans always hurt the gaming industry? : differentiated impacts on the market value of casino firms in Macao (China)

Zhang, Jing Hua; Tam, Kwo Ping; Zhou, Nan - 2016

The gaming economy has expanded rapidly in East Asia during the past decade. Despite the public health hazards of Second Hand Smoking (SHS), smoking bans in casinos remain controversial due to concerns over potential economic losses for casino firms. Applying an event study method, the authors...

Persistent link: https://www.econbiz.de/10011473725

Can't Stop the One-Armed Bandits : The Effects of Access to Gambling on Crime

Bottan, Nicolas L. - 2017

We study the effect of a large increase in access to gambling on crime by exploiting the expansion of video gambling … terminals in Illinois since 2012. Even though video gambling was legalized by the State of Illinois, local municipalities were … left with the decision whether to allow it within their jurisdiction. The City of Chicago does not allow video gambling …

Persistent link: https://www.econbiz.de/10012949719

Own‐ and Cross‐Price Elasticities for Games within a State Lottery Portfolio

Forrest, David; Perez, Levi - 2011

Lotto demand modeling typically focuses on a single game and evaluates whether estimated “effective price” (expected loss from buying one ticket) elasticity is consistent with net revenue maximization. However, a portfolio of several different lottery games is now usually offered to players...

Persistent link: https://www.econbiz.de/10014177413

Online Poker in the European Union

Fiedler, Ingo; Wilcke, Ann-Christin - 2012

main driver of the relative market size in a EU-27 country is the internet activity. Denmark is the country with the … internet users Hungary has the highest proportion (1.983%, 1 out of 50) of online poker players …

Persistent link: https://www.econbiz.de/10014180439