Friday, April 12

Day: July 28, 2022

An Economic Analysis of Gambling’s Social Costs
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An Economic Analysis of Gambling’s Social Costs

Pathological gambling on  daftar slot dana  machines is seen as a major reason for opposition to legalised gambling. There are numerous authors in this literature who are either confused or wrong in their definition of societal costs, according to our opinion. The ad hoc approach, which relies on "common sense" to establish what constitutes losses to society and then attempts to quantify the impact of those actions, is used by some authors instead of starting with a precise definition of what constitutes social cost. There are two different categories of societal costs that have, for the most part, been ignored in the research on gambling. Prohibition of gambling is to blame for one of these problems. As for the second one, it's a byproduct of "rent seeking," which has to do with th...