Equilibrium in prediction markets with buyers and sellers
AbstractPrediction markets with buyers and sellers of contracts on multiple outcomes are shown to have unique equilibrium prices, which can be computed in polynomial time.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Parimutuel betting Aggregate beliefs Subjective probability;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Berg, Joyce E. & Nelson, Forrest D. & Rietz, Thomas A., 2008. "Prediction market accuracy in the long run," International Journal of Forecasting, Elsevier, vol. 24(2), pages 285-300.
- Charles F. Manski, 2004.
"Interpreting the Predictions of Prediction Markets,"
NBER Working Papers
10359, National Bureau of Economic Research, Inc.
- Manski, Charles F., 2006. "Interpreting the predictions of prediction markets," Economics Letters, Elsevier, vol. 91(3), pages 425-429, June.
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