Casinos, crime and real estate values: Do they relate?

This study analyzes the effect of a new large export-based industry on crime in its region, and in turn on property values. Urban economic models suggest that, ceteris paribus, land values diminish with distance from a central place which "produces" employment, income and other amenities....

Full description

Saved in:  
Bibliographic Details
Authors: Buck, Andrew J. (Author) ; Hakim, Simon 1944- (Author) ; Spiegel, Uriel (Author)
Format: Electronic/Print Article
Language:English
Published: 1991
In: Journal of research in crime and delinquency
Year: 1991, Volume: 28, Issue: 3, Pages: 288-303
Online Access: Volltext (doi)
Journals Online & Print:
Drawer...
Availability in Tübingen:Present in Tübingen.
IFK: In: Z 31
Check availability: HBZ Gateway
Keywords:
Glücksspiel
Stadtprobleme
Spielcasino

MARC

LEADER 00000caa a22000002 4500
001 1640351450
003 DE-627
005 20220608131801.0
007 tu
008 160223s1991 xx ||||| 00| ||eng c
024 7 |a 10.1177/0022427891028003003  |2 doi 
035 |a (DE-627)1640351450 
035 |a (DE-576)456123490 
035 |a (DE-599)BSZ456123490 
040 |a DE-627  |b ger  |c DE-627  |e rakwb 
041 |a eng 
100 1 |a Buck, Andrew J.  |4 aut 
245 1 0 |a Casinos, crime and real estate values: Do they relate?  |c Andrew J. Buck, Simon Hakim, Uriel Spiegel 
264 1 |c 1991 
336 |a Text  |b txt  |2 rdacontent 
337 |a ohne Hilfsmittel zu benutzen  |b n  |2 rdamedia 
338 |a Band  |b nc  |2 rdacarrier 
520 |a This study analyzes the effect of a new large export-based industry on crime in its region, and in turn on property values. Urban economic models suggest that, ceteris paribus, land values diminish with distance from a central place which "produces" employment, income and other amenities. The new industry has the negative byproduct of crime, which is hypothesized to have a reversed, although systematic effect, on land values. Thus, theoretically, the net effect of (dis)amenities as a function of distance from the central city is ambiguous. Applying the model to casinos in Atlantic City shows that the frequency of violent crimes, burglaries, and robberies diminish with distance and appear to have a depressing effect on property values especially in localities accessible to the central city. The negative effect of crime diminishes with distance. The effect on property values appears to be significantly higher in the postcasino relative to the precasino era. However, the positive effects of the central city on real estate values diminish with distance. Thus development and crime affect property values inversely as a function of distance. The discounted value of the cost of crime resulting from casinos, as reflected in unrealized assessed real estate valuation, appears to be on average 24 million dollars per square mile in the 12 accessible localities, and 11.2 million dollars per square mile in the 52 less accessible localities 
700 1 |a Hakim, Simon  |d 1944-  |0 (DE-588)170061515  |0 (DE-627)060081627  |0 (DE-576)130974382  |4 aut 
700 1 |a Spiegel, Uriel  |0 (DE-588)170061523  |0 (DE-627)060081635  |0 (DE-576)130974390  |4 aut 
773 0 8 |i In  |t Journal of research in crime and delinquency  |d Thousand Oaks [u.a.] : Sage, 1964  |g 28(1991), 3, Seite 288-303  |w (DE-627)130438405  |w (DE-600)700175-7  |w (DE-576)015931730  |x 0022-4278  |7 nnns 
773 1 8 |g volume:28  |g year:1991  |g number:3  |g pages:288-303 
856 |u https://doi.org/10.1177/0022427891028003003  |x doi  |3 Volltext 
935 |a mkri 
951 |a AR 
ELC |a 1  |b 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 3301956106 
LOK |0 003 DE-627 
LOK |0 004 1640351450 
LOK |0 005 20160223101717 
LOK |0 008 160208||||||||||||||||ger||||||| 
LOK |0 040   |a DE-21-110  |c DE-627  |d DE-21-110 
LOK |0 689   |a s  |a Glücksspiel 
LOK |0 689   |a s  |a Stadtprobleme 
LOK |0 689   |a s  |a Spielcasino 
LOK |0 852   |a DE-21-110 
LOK |0 852 1  |c In: Z 31  |m p  |9 00 
LOK |0 935   |a k110 
LOK |0 938   |k p 
ORI |a SA-MARC-krimdoka001.raw 
SIG |a IFK: In: Z 31