Douglas M. Walker
College of Charleston
Publications 75
#1Russell S. Sobel (The Citadel, The Military College of South Carolina)H-Index: 30
#2Reagan N. Sobel (CofC: College of Charleston)
Last.Peter T. Calcagno (CofC: College of Charleston)H-Index: 9
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The profit and loss system is an integral part of a dynamic market economy. Losses eliminate businesses that are inefficiently managed or whose products no longer provide sufficient value. Almost a dozen popular television shows feature entertaining expert hosts claiming to “save” failing businesses with injections of physical and human capital. We undertake the first comprehensive analysis of these shows, calculating the failure rates of the businesses and analyzing the incentive structure faci...
#2Douglas M. Walker (CofC: College of Charleston)H-Index: 15
Last.Chad D. Cotti (University of Wisconsin–Oshkosh)H-Index: 13
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The continued expansion of the casino industry has caused increasing concern regarding the cannibalization of other industries, and in particular, state lotteries. For example, Maryland Lottery sales flattened shortly after casinos began opening in the state. Although previous papers have found that casinos and lotteries have a negative relationship with each other, no previous research has analyzed the impact of casino proximity on lottery sales or has examined the relationship between casinos ...
#1Douglas M. Walker (CofC: College of Charleston)H-Index: 15
#2Russell S. Sobel (The Citadel, The Military College of South Carolina)H-Index: 30
Purpose of Review This paper is a review of the recent academic literature on the socioeconomic impacts of gambling. The purpose is to provide a review of the most recent contributions to the growing literature regarding the economic and social impacts of gambling, with a focus on casinos. We divide our review into two sections: economic impacts and social impacts.
#1Peter T. Calcagno (CofC: College of Charleston)H-Index: 9
#2Douglas M. Walker (CofC: College of Charleston)H-Index: 15
The casino industry is one of the most stringently regulated industries in the United States. State governments and their regulatory agencies control almost every aspect of the industry. However, U.S. casino regulation has not received much research attention. We examine the five most applicable economic theories of regulation. Since relevant empirical data of regulatory changes for casinos are sparse, we examine trends of the key variables to evaluate these theories. We categorize and examine t...
#1Douglas M. Walker (CofC: College of Charleston)H-Index: 15
#2Stephen W. Litvin (CofC: College of Charleston)H-Index: 21
Last.Renée A. St-Pierre (McGill University)H-Index: 6
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Social scientists, governments, and the casino industry have all emphasized the need for casino patrons to “gamble responsibly.” Strategies for responsible gambling include self-imposed time limits and loss limits on gambling. Such strategies help prevent people from losing more than they can afford and may help prevent excessive gambling behavior. Yet, loss limits also make it more likely that casino patrons leave when they are losing. Oddly, the literature makes no mention of “win limits” as a...
#1James V. KochH-Index: 14
#2Vinod AgarwalH-Index: 8
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#1Douglas M. Walker (CofC: College of Charleston)H-Index: 15
#2Todd M. NesbitH-Index: 8
Previous studies have examined the relationships among different gambling industries (e.g., casinos, lotteries, and racetracks), with mixed results. Yet, the literature lacks evidence on the extent to which casinos in a particular market compete with each other. No study considers the proximity of competing casinos in its empirical analysis. This analysis uses quarterly casino property-level revenue data from Missouri, 1997.1–2010.2, and a model with a distance-adjusted competition scalar to ana...
#1Douglas M. Walker (CofC: College of Charleston)H-Index: 15
#2Peter T. Calcagno (CofC: College of Charleston)H-Index: 9
The commercial casino industry experienced an unprecedented expansion in the United States during the 1990s. As the industry has grown, so has the anecdotal evidence that links the casino industry with political corruption. However, there have been no empirical analyses of the issue. We use state-level panel data from 1985–2000 to posit a Granger causality analysis of the relationship between corruption convictions of state public officials and the predicted adoptions of casinos at the state lev...