Match-fixing under competitive odds
نویسندگان
چکیده
Two bookmakers compete in Bertrand fashion while setting odds on the outcomes of a sporting contest where an influential punter (or betting syndicate) may bribe some player(s) to fix the contest. Zero profit and bribe prevention may not always hold together. When the influential punter is quite powerful, the bookies may coordinate on prices and earn positive profits for fear of letting the ‘lemons’ (i.e., the influential punter) in. On the other hand, sometimes the bookies make zero profits but also admit match-fixing. JEL Classification: D42, K42.
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عنوان ژورنال:
- Games and Economic Behavior
دوره 73 شماره
صفحات -
تاریخ انتشار 2011