Slot Revenue Growth in Nevada: An Empirical Analysis

2019 ◽  
Author(s):  
Scott Boylan
Keyword(s):  
Empirical Analysis ◽  
Great Recession ◽  
Economic Effects ◽  
Efficiency Gains ◽  
Market Segments ◽  
Policy Makers ◽  
The Great Recession ◽  
Revenue Growth ◽  
Time Period ◽  
Performance Gains

This paper examines the economic effects of changes in technology on gaming revenue in Nevada between 1984 and 2015. Slots outperformed table games in terms or revenue growth during that time-period. The paper provides evidence that those performance gains are attributable both to increased capacity and increased efficiency. Gains attributable to increased capacity, measured by units-in-service, are indicative of successful industry efforts to tap new market segments. Gains attributable to increased efficiency, measured by revenue-per-unit, are indicative of successful industry efforts to expedite gaming productivity. Additional analysis shows that most of the growth in slot revenue occurred prior to 2002, and was primarily attributable to increased capacity. Between 2002 and 2007, revenue growth was more modest, with most of the gains attributed to improved efficiency. Finally, beginning in 2008, slots began to reflect the effects of the Great Recession, surrendering a significant portion of their revenue gains, with decreases in both capacity and efficiency. These results should be of interest to policy makers and others interested in the determinants of gaming revenue.

scholarly journals Money and credit during normal times and house price booms: evidence from time-frequency analysis

Empirica ◽  
2019 ◽  
Vol 47 (4) ◽  
pp. 835-861
Author(s):  
Maciej Ryczkowski
Keyword(s):  
Great Recession ◽  
House Prices ◽  
House Price ◽  
Industrialized Countries ◽  
Time Frequency ◽  
The Great Recession ◽  
Time Period ◽  
Price Boom ◽  
The Us ◽  
Short Run

Abstract I analyse the link between money and credit for twelve industrialized countries in the time period from 1970 to 2016. The euro area and Commonwealth Countries have rather strong co-movements between money and credit at longer frequencies. Denmark and Switzerland show weak and episodic effects. Scandinavian countries and the US are somewhere in between. I find strong and significant longer run co-movements especially around booming house prices for all of the sample countries. The analysis suggests the expansionary policy that cleans up after the burst of a bubble may exacerbate the risk of a new house price boom. The interrelation is hidden in the short run, because the co-movements are then rarely statistically significant. According to the wavelet evidence, developments of money and credit since the Great Recession or their decoupling in Japan suggest that it is more appropriate to examine the two variables separately in some circumstances.

scholarly journals Trends in Medicare Reimbursement, Use Rates, and Overall Expenditure for Skin Cancer Procedures: 2012-2017

2020 ◽  
Author(s):  
Pranav Puri ◽  
Sujith Baliga ◽  
Mark R. Pittelkow ◽  
Shari A. Ochoa ◽  
Puneet K. Bhullar ◽  
...  
Keyword(s):  
Skin Cancer ◽  
Patient Outcomes ◽  
Ecological Study ◽  
Economic Effects ◽  
Medicare Reimbursement ◽  
Physician Services ◽  
Micrographic Surgery ◽  
Policy Makers ◽  
Time Period ◽  
Skin Cancers

AbstractThe treatment of skin cancers represents a growing share of healthcare expenditures. At the same time, Medicare reimbursement rates for physician services have declined with respect to inflation. The objective of this study was to describe the economic effects of declining Medicare reimbursement for skin cancer procedures. In this ecological study, we used the Medicare Physician Supplier and Other Provider Public Use File (POSPUF) to analyze trends in Medicare reimbursement rates, use rates, and overall Medicare expenditures for skin cancer procedures from 2012 to 2017. We adjusted reimbursement rates for inflation by converting payment amounts into units of 2017 dollars. From 2012 to 2017, overall inflation-adjusted Medicare expenditure on skin cancer procedures increased 9%. Over this time period, inflation-adjusted Medicare reimbursement rates declined for each procedure class, with the exception of shave excision. Concurrently, the use rate of Mohs micrographic surgery increased 23%, while the use rate for all other skin cancer procedure classes declined. In summary, this study describes trends suggesting declining Medicare reimbursement rates have been associated with increasing use rates for higher cost skin cancer procedures. Clinicians and policy makers should collaborate to develop value-based payment models that incentivize patient outcomes rather than procedural volumes.

scholarly journals On History and Policy: Time in the Age of Neoliberalism

2015 ◽  
Vol 9 (1) ◽  
pp. 4-17 ◽  
Author(s):  
Francesco Boldizzoni
Keyword(s):  
Great Recession ◽  
Public Discourse ◽  
Policy Makers ◽  
The Great Recession ◽  
The Media

It is often said that history matters, but these words are usually little more than a hollow statement. In the aftermath of the Great Recession, the view that the economy is a mechanical toy that can be fixed using a few simple tools has continued to be held by economists and policy makers and echoed by the media. The essay addresses the origins of this unfortunate belief, inherent to neoliberalism, and what can be done to bring time back into public discourse.

Restructuring opportunity: employment change and job quality in the United States during the Great Recession

2018 ◽  
Vol 17 (3) ◽  
pp. 545-572 ◽  
Author(s):  
M Anne Visser
Keyword(s):  
Great Recession ◽  
The United States ◽  
Job Quality ◽  
Employment Change ◽  
The Great Recession ◽  
Time Period ◽  
Innovative Methodology ◽  
The Usa ◽  
Job Polarization ◽  
Nuanced Understanding

Abstract Research continues to stress the influence job polarization has had on employment and economic opportunity in the USA. However, much of this literature is based on studies focused on time periods of economic expansion, and the knowledge base lacks a nuanced understanding of structural employment change during economic downturns and the temporally and spatially distinctive dynamics of such shifts. Using an innovative methodology for measuring job quality, the study provides an empirical analysis of employment shifts that occurred during the Great Recession both quantitatively (how many jobs created or destroyed) as well as qualitatively (what types of jobs created or destroyed). A notable feature of the shifts observed in the employment structure during this time period is a deepening pattern of inequality in the labor market characterized by increased wage polarization for all workers and evidence of downgrading experienced by male workers across all three measures of job quality.

scholarly journals Impact of the great recession on self-perceived health in Spain: a longitudinal study with individual data

BMJ Open ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. e023258 ◽  
Author(s):  
Marc Saez ◽  
Joaquim Vidiella-Martin ◽  
Guillem López Casasnovas
Keyword(s):  
Great Recession ◽  
Perceived Health ◽  
Poor Health ◽  
Policy Makers ◽  
Adjusted Risk ◽  
Household Finances ◽  
The Great Recession ◽  
Health Fair ◽  
Before And After ◽  
The Impact

ObjectivesOur objective in this study is to evaluate the impact the Great Recession (2008–2014) had on self-perceived health in Spain.DesignWe use a longitudinal database (four waves of the Bank of Spain’s Survey of Household Finances (2005, 2008, 2011 and 2014)) with repeated observations of the same individuals before and after the Great Recession.InterventionsWe consider the Great Recession in a natural experiment and we introduce it as an explanatory variable in a mixed logistic regression model in which we explain the probability of a subject declaring poor health (fair, bad and very bad). In the model we control for both observed and unobserved confounders at both individual and family level.ResultsWe find an average downward trend in self-perceived health during the most severe period of the Great Recession (2009–2011). However, the fact that the adjusted measures are less volatile than the crude ones shows that variation in health status can be captured by either demographic or socioeconomic controls. In fact, there are significant differences in the impact the economic crisis had on health in terms of gender and age group. In particular, the (adjusted) risk of declaring poor health increases after the crisis began but only in those families in which the reference person is a woman younger than 45 years of age or a man aged 75 years or older.ConclusionsGiven our results, we discuss the link between financial wealth and self-rated health and how policy-makers could address the health inequalities that arise from adverse economic and financial shocks.

scholarly journals Characterization of Pre- and Recession Periods for the Indiana Workforce

2019 ◽  
Author(s):  
William Sellers
Keyword(s):  
Labor Force ◽  
Great Recession ◽  
Categorical Variables ◽  
The Great Recession ◽  
Time Period ◽  
The Impact ◽  
Recession Period

This paper studies the impact of The Great Recession period and the time period prior to the Indiana labor force. Specifically, it aims to show the impact across a variety of demographic, categorical variables (e.g. sex, age, and race).

scholarly journals The "Great Moderation" in a Dual Exchange Rate Regime

2012 ◽  
Vol 12 (4) ◽  
pp. 1850276
Author(s):  
Sven W. Arndt
Keyword(s):  
Exchange Rate ◽  
Great Recession ◽  
Full Employment ◽  
Exchange Rate Regime ◽  
Contributing Factors ◽  
Employment Level ◽  
Policy Makers ◽  
The Great Recession ◽  
Economic Developments ◽  
The U.S

In the early nineties, the U.S. economy was emerging from a brief slump, monetary policy was easy, and economic activity recovered quickly during the decade, with GDP eventually reaching and then passing the consensus full employment level. Yet aggregate inflation remained surprisingly subdued. This moderation in prices at the aggregate level persuaded policy makers to allow the easy-money stance to continue in spite of the presence of inflation in non-tradables and in housing and construction in particular. This paper uses a flex-price, mixed-exchange rate model to examine some of the major contributing factors to economic developments in the two-decade period that ended in the financial meltdown and the great recession. It argues that Chinese exchange rate manipulation and China's preference for holding dollar reserves were important contributing factors. On the U.S. side, failure to understand the importance of differencial inflation patterns in tradables and non-tradables sectors, and especially failure to see inflation in housing and construction as goods rather than asset inflation, allowed monetary expansion to last much longer than it should have.

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