Browsing: Poker
The formal political betting markets appear to have largely disappeared by 1944, though informal bets continued to take place right…
Despite the conceptual robustness of the law of demand (Marshall [1890] 1997, ch. 3; Samuelson and Nordhaus 1995, 24), it…
Alistair Bruce of the University of Nottingham examines individual motivations for betting, synthesizing perspectives from economics, psychology, and sociology. His…
Introduction While gambling is a common activity for humans, the demand for various types of games and related gaming services…
These markets are chiefly an Internet phenomenon, leveraging the ability of a large number of participants to quickly and cheaply…
Last but not least, another unique feature associated with the practice in Asian casino gaming markets is the relatively high…
Now consider the effect of introducing a tax on this casino game. The most common form of tax applied to…
The operation of betting markets is straightforward, which helps in the analysis of decision-making behavior. Specifically, in a betting market…
According to Sauer (1998) and Richard E. Quandt (1986), three forms of wagering are prominent in the relevant economic literature:…
Casinos are not the only form of gambling that governments tax. Consequently, we must consider the ways in which taxation…