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A Trade Based View on Casino Taxation: Market Conditions
Guoqiang Li1; Xinhua Gu1; Jie Wu2
2015-06
Source PublicationJournal of Gambling Studies
ISSN1050-5350
Volume31Issue:2Pages:585-606
Abstract

This article presents a trade based theory of casino taxation along with empirical evidence found from Macao as a typical tourism resort. We prove that there is a unique optimum gaming tax in a particular market for casino gambling, argue that any change in this tax is engendered by external demand shifts, and suggest that the economic rent from gambling legalization should be shared through such optimal tax between the public and private sectors. Our work also studies the tradeoff between economic benefits and social costs arising from casino tourism, and provides some policy recommendations for the sustainable development of gaming-led economies. The theoretical arguments in this article turn out to be consistent with empirical observations on Macao realities over the recent decade.

KeywordOptimum Gaming Tax Trade Equilibrium Framework Market Conditions Social Costs
DOIhttps://doi.org/10.1007/s10899-013-9407-4
URLView the original
Indexed BySSCI ; SSCI
Language英语
WOS Research AreaSubstance Abuse ; Psychology
WOS SubjectSubstance Abuse ; Psychology, Multidisciplinary
WOS IDWOS:000354953100019
PublisherSPRINGER, 233 SPRING ST, NEW YORK, NY 10013 USA
Fulltext Access
Citation statistics
Cited Times [WOS]:3   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
DEPARTMENT OF MANAGEMENT AND MARKETING
Corresponding AuthorGuoqiang Li
Affiliation1.Department of Finance and Business Economics, University of Macau, Taipa, Macao SAR, China
2.Department of Management and Marketing, University of Macau, Taipa, Macao SAR, China
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Guoqiang Li,Xinhua Gu,Jie Wu. A Trade Based View on Casino Taxation: Market Conditions[J]. Journal of Gambling Studies,2015,31(2):585-606.
APA Guoqiang Li,Xinhua Gu,&Jie Wu.(2015).A Trade Based View on Casino Taxation: Market Conditions.Journal of Gambling Studies,31(2),585-606.
MLA Guoqiang Li,et al."A Trade Based View on Casino Taxation: Market Conditions".Journal of Gambling Studies 31.2(2015):585-606.
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