Economics of Betting Markets

The Legalisation of \u003cb\u003egaming\u003c/b\u003e activities across Australian states Lotteries Lotto \u003cbr\u003e\nInstants Casinos Keno EGMs New South Wales (NSW) 1931 1979 1982 1995 \u003cbr\u003e\nUnknown 1956 Victoria (VIC) 1957 1972 1981 1994 1988 1990 \u003cb\u003eQueensland\u003c/b\u003e (\u003cbr\u003e\n\u003cb\u003eQLD\u003c/b\u003e) ...

Economics of Betting Markets by"David Peel"

During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access to sources of legalised gambling, leading to bumper revenues for the institutions involved. Naturally enough, this has led to an increased interest in the area of the economics of betting. This book addresses the issues raised by the continued growth of the gambling sector. How can we model the behaviour of people who seemingly act irrationally? What are the implications of different tax policies with regard to gambling? Are casinos capable of taking money away from state-run lotteries and the causes they fund? Can bookmakers’ odds be influenced in such a way as to make the gambling market inefficient? The authors in this volume provide insights based on data from many different countries, including England, the USA, Australia, Spain and Cyprus. This volume brings together work which addresses the economic impact of the huge growth of commercial gambling in the Western world, as well as trying to model the cognitive processes which can explain why individuals are prepared to behave in such apparently irrational ways. This book was published as a special issue of Applied Economics. The academic editor of this journal is Mark P. Taylor.

Economics of Betting Markets
By:"David Peel"
Published on 2013-09-13 by Routledge

BOOKS ID : 7RLdAAAAQBAJ

Ebook Title : Economics of Betting Markets

ETAG : APDEajS7aKo

ISBN_13 Code : 9781317988236

ISBN_10 Code : 131798823X

Book Print Type : BOOK

Rank : 18 for keyword gambling qld

Book Author :"David Peel"

Publisher : Routledge

Book Pages Count : 136

Print Type : BOOK

Book's Categories :"Business & Economics"

Books Language : en

Text to Speech Access : ALLOWED

Share this :