Market Efficiency in Person-to-Person Betting
نویسندگان
چکیده
منابع مشابه
Market Efficiency in Person-to-Person Betting
Established gambling operators have argued that person-to-person wagering on Internet ‘betting exchanges’ represents unfair competition. In this paper we suggest that, in fact, betting exchanges have brought about significant efficiency gains by lowering transaction costs for consumers. We test this hypothesis using matched data on UK horse racing from betting exchanges and from traditional bet...
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ژورنال
عنوان ژورنال: Economica
سال: 2006
ISSN: 0013-0427,1468-0335
DOI: 10.1111/j.1468-0335.2006.00518.x