Determination of odds in prediction markets: coexistence of posted-offer and double-auction designs

0455412 - NHÚ 2016 RIV GB eng J - Journal Article
Celik, Levent - Onur, E.
Determination of odds in prediction markets: coexistence of posted-offer and double-auction designs.
Journal of Prediction Markets. Roč. 9, č. 1 (2015), s. 68-86. ISSN 1750-6751
Institutional support: RVO:67985998
Keywords : prediction markets * posted-offer * double-auction
Subject RIV: AH - Economics

This paper studies the coexistence of two competing mechanisms in the same market, where one follows the posted-offer rule and the other one incorporates a double-auction mechanism. We explore this coexistence within a sports betting example in which bettors are free to choose between a bookie (posted-offer market) and a betting exchange.
Permanent Link: http://hdl.handle.net/11104/0256028