Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330260 
Year of Publication: 
2025
Series/Report no.: 
Helsinki GSE Discussion Papers No. 41
Publisher: 
Helsinki Graduate School of Economics, Helsinki
Abstract: 
In industries where consumption generates negative externalities and internalities, governments can attempt to curb excess demand by restricting supply. However, this strategy may simply shift consumption to substitutes with similar negative consequences. We explore this issue in the Finnish gambling market using two quasi-experiments and a difference-in-differences framework to assess how reducing the supply of land-based gambling affects gambling volume. Our findings suggest that, overall, there is limited substitution between different types of gambling. However, among high-volume gamblers, we observe some substitution, though even for these individuals, total gambling volume declines.
Subjects: 
gambling
availability restrictions
demand substitution
JEL: 
D12
I18
L83
ISBN: 
978-952-7543-40-5
Document Type: 
Working Paper

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