The economics of casino gambling
Article Abstract:
casino gambling and gaming has increased in importance as an economic activity since the 1960s, and the growth of Las Vegas and Nevada reflect this importance. Gaming devices such as slot machines account for the biggest proportion of the gaming revenues of casinos. Rules of gaming have been relaxed in a number of countries, including the US. Gaming machines are developing and using computer chips and high-resolution graphics. New machines can also take credit cards. Challenges and controversy are likely to arise as a result of developments in Internet gambling.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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Economics of the Endangered Species Act
Article Abstract:
The economics of the Endangered Species Act of 1973 must be addressed as part of its reauthorization. While the act was designed to handle the market failure arising from the unpriced social benefits of endangered species, private landowners are complaining that the costs of compliance are too high. Economists must frame the endangered species debate in benefit-cost terms to significantly increase the net benefits of the Endangered Species Act. The Act must also be amended to provide economic incentives to landowners for good stewardship of habitat and species.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1998
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