Location

Caesars Palace, Las Vegas Pompeian II

Start Date

31-5-2013 8:30 AM

End Date

31-5-2013 10:00 AM

Abstract

Following the public choice literatures which explore the voting process to obtain an economic decision (Morton, 1991; Olson, 1965; Riker and Ordeshook, 1968; Stigler, 1974; etc.), a model is formulated in this paper to reveal the related forces which lead to the legalization/liberalization of casino gaming as a modern economic sector. It is shown that an individual’s decision to participate into a voting process or not is influenced by his/her anticipated benefit and cost. Then, the aggregate force of the beneficiary group and the anti-gaming group in standing for their own economic and emotional interests determines the voting result. Indeed, the arguments as presented in this model are verified by respective evidences as derived from Atlantic City in New Jersey and Taiwan, where sate-wide vote/referendum are adopted to decide the progression of casino gaming.

Disciplines

Gaming and Casino Operations Management | Public Affairs, Public Policy and Public Administration | Sociology

Comments

Moderator: Jonathan Galaviz

Session 4-1-B Gaming Expansion in Asia

File: 35 PowerPoint slides

Attached file: Paper

 
May 31st, 8:30 AM May 31st, 10:00 AM

Session 4-1-B: A public choice perspective on the progression of casino gaming

Caesars Palace, Las Vegas Pompeian II

Following the public choice literatures which explore the voting process to obtain an economic decision (Morton, 1991; Olson, 1965; Riker and Ordeshook, 1968; Stigler, 1974; etc.), a model is formulated in this paper to reveal the related forces which lead to the legalization/liberalization of casino gaming as a modern economic sector. It is shown that an individual’s decision to participate into a voting process or not is influenced by his/her anticipated benefit and cost. Then, the aggregate force of the beneficiary group and the anti-gaming group in standing for their own economic and emotional interests determines the voting result. Indeed, the arguments as presented in this model are verified by respective evidences as derived from Atlantic City in New Jersey and Taiwan, where sate-wide vote/referendum are adopted to decide the progression of casino gaming.