The Diluted Economics of Casinos and Crime: A Rejoinder to Grinols and Mustard’s Reply
Douglas Walker ()
Econ Journal Watch, 2008, vol. 5, issue 2, 148-155
Abstract:
In their reply to my comment (Walker 2008) Grinols and Mustard explained that in their original study (2006) their interest was “in the costs to the host county associated with a change in crime from whatever source†(Grinols and Mustard 2008, p. 22). In this rejoinder, I explain that the estimated costs of crime attributable to casinos will be overstated if the estimated crime effects are based on the “undiluted†crime rate used by Grinols and Mustard (2006). I also discuss why this issue is important, in the context of “social cost of casino gambling†estimates that are frequently quoted in political debate and by the media.
Keywords: casinos; crime (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)
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