Do casinos export bankruptcy?

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2008
Volume: 37
Issue: 4
Pages: 1481-1494

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper measures the extent to which destination resort casinos export bankruptcy back to visitors' home states. Previous literature has alluded to this possibility, but previous research has not examined the issue. Using various survey data, we calculate the number of visits from each state to casino resort destinations in Nevada, New Jersey, and Mississippi. We find strong evidence that states having more residents who visit out-of-state casino resorts have roughly 10% higher bankruptcy filing rates, on average. This effect is dominant in the south, suggesting that casinos located in wealthier regions are less likely to export bankruptcy.

Technical Details

RePEc Handle
repec:eee:soceco:v:37:y:2008:i:4:p:1481-1494
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-25