A Trade Based View on Casino Taxation: Market Conditions

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• 作者：Guoqiang Li ; Xinhua Gu ; Jie Wu
• 关键词：Optimum gaming tax ; Trade equilibrium framework ; Market conditions ; Social costs
• 刊名：Journal of Gambling Studies
• 出版年：2015
• 出版时间：June 2015
• 年：2015
• 卷：31
• 期：2
• 页码：585-606
• 全文大小：1,039 KB
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• 作者单位：Guoqiang Li (1)
  Xinhua Gu (1)
  Jie Wu (2)
  
  1. Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, Taipa, Macao SAR, China
  2. Department of Management and Marketing, Faculty of Business Administration, University of Macau, Taipa, Macao SAR, China
  
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Social Sciences
  Sociology
  Community and Environmental Psychology
  Psychiatry
  Economics
  
• 出版者：Springer Netherlands
• ISSN：1573-3602

文摘

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.