Casinos and Commercial Real Estate Values: A Case Study of Detroit

Douglas Walker ()

Chapter Chapter 17 in Casinonomics, 2013, pp 217-231 from Springer

Abstract: Abstract As discussed in Chap. 4, casino industry observers, especially critics, have argued that the casino industry “cannibalizes” other industries or acts as a substitute to other industries. Although this is true of any new firm or industry, to an extent, this criticism of casinos has been particularly influential in political and public debate. Yet, there have been few empirical analyses of this issue. There is no paper of which I am aware that has addressed whether casinos cause a substitution effect with other businesses at the local level. In this chapter we examine the substitution effect of casinos with other businesses using data from Detroit, Michigan.

Keywords: Housing Price; Substitution Effect; Commercial Property; Casino Gambling; Bankruptcy Filing (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-1-4614-7123-3_17

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DOI: 10.1007/978-1-4614-7123-3_17

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