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Comments on: Gambling at the TAB, monopolies and innovation http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/ The Visible Hand in Economics Wed, 26 Oct 2022 20:26:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25365 Fri, 21 May 2010 01:14:44 +0000 http://www.tvhe.co.nz/?p=4987#comment-25365 @goonix

Conveniently:

Vodka soda = top economic analysis

]]> By: goonix http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25364 Fri, 21 May 2010 01:13:41 +0000 http://www.tvhe.co.nz/?p=4987#comment-25364 It was all vodka last night mate.

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25363 Fri, 21 May 2010 00:39:27 +0000 http://www.tvhe.co.nz/?p=4987#comment-25363 @goonix

Red wine = top economic analysis

]]> By: goonix http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25362 Fri, 21 May 2010 00:11:40 +0000 http://www.tvhe.co.nz/?p=4987#comment-25362 Amazingly coherent for 330am on a Friday morning. 😛

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25357 Thu, 20 May 2010 22:15:43 +0000 http://www.tvhe.co.nz/?p=4987#comment-25357 @rauparaha

@goonix

Gambling is addictive and it ruins lives guys – seriously, we can’t trust private individuals with their own choices :/

\sarcasm

]]> By: goonix http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25353 Thu, 20 May 2010 15:28:09 +0000 http://www.tvhe.co.nz/?p=4987#comment-25353 @rauparaha
It seems to me to be a legacy thing, back from the days when gambling was seen as a problem that needed to be kept under state control (see 6 o’clock swill). That’s always been my take on it, I’d like to see if anyone else can shed more info on it.

]]> By: rauparaha http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25349 Thu, 20 May 2010 12:21:37 +0000 http://www.tvhe.co.nz/?p=4987#comment-25349 Is there any particular reason for the government to prevent firms from running private gambling operations? Other than the obvious “nom, nom, more money for meeeee!” I don’t know anything about it so I’m just curious why we have a state monopoly on something that doesn’t really seem to be a ‘core’ state function.

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25346 Thu, 20 May 2010 09:53:13 +0000 http://www.tvhe.co.nz/?p=4987#comment-25346 “If the gambling market were officially opened up to competition I suspect we would see a lot more of this innovation.”

And that would offer me some substantial consumer surplus – love random Fifa World Cup bets 😀

]]> By: Eric Crampton http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25321 Thu, 20 May 2010 01:00:15 +0000 http://www.tvhe.co.nz/?p=4987#comment-25321 iPredict is an exempt exchange operating under a specific regulation authorized by the Securities Commission.

]]> By: goonix http://www.tvhe.co.nz/2010/05/20/gambling-at-the-tab-monopolies-and-innovation/#comment-25310 Wed, 19 May 2010 22:25:01 +0000 http://www.tvhe.co.nz/?p=4987#comment-25310 @rauparaha
Nope, that is how they are allowed to operate. They are not allowed to open stocks on areas that might compete with the TAB. e.g. sports.

]]>