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Monopoly Rents and Price Fixing in Betting Markets

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  • David Paton

    ()

  • Leighton Vaughan Williams

    ()

Abstract

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File URL: http://hdl.handle.net/10.1023/A:1011828216881
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Bibliographic Info

Article provided by Springer in its journal Review of Industrial Organization.

Volume (Year): 19 (2001)
Issue (Month): 3 (November)
Pages: 265-278

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Handle: RePEc:kap:revind:v:19:y:2001:i:3:p:265-278

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Web page: http://www.springerlink.com/link.asp?id=100336

Related research

Keywords: Collusion; information; monopoly rents; pricing;

References

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  1. Victor S. Y. Lo & John Bacon-Shone & Kelly Busche, 1995. "The Application of Ranking Probability Models to Racetrack Betting," Management Science, INFORMS, vol. 41(6), pages 1048-1059, June.
  2. Bird, Ron & McCrae, Michael & Beggs, John J, 1987. "Are Gamblers Really Risk Takers?," Australian Economic Papers, Wiley Blackwell, vol. 26(49), pages 237-53, December.
  3. Gabriel, Paul E & Marsden, James R, 1990. "An Examination of Market Efficiency in British Racetrack Betting," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 874-85, August.
  4. Ali, Mukhtar M, 1977. "Probability and Utility Estimates for Racetrack Bettors," Journal of Political Economy, University of Chicago Press, vol. 85(4), pages 803-15, August.
  5. Vaughan Williams, Leighton, 1999. "Information Efficiency in Betting Markets: A Survey," Bulletin of Economic Research, Wiley Blackwell, vol. 51(1), pages 1-30, January.
  6. Quandt, Richard E, 1986. "Betting and Equilibrium," The Quarterly Journal of Economics, MIT Press, vol. 101(1), pages 201-07, February.
  7. Crafts, Nicholas F R, 1985. "Some Evidence of Insider Knowledge in Horse Race Betting in Britain," Economica, London School of Economics and Political Science, vol. 52(27), pages 295-304, August.
  8. Williams, Leighton Vaughan & Paton, David, 1997. "Why Is There a Favourite-Longshot Bias in British Racetrack Betting Markets?," Economic Journal, Royal Economic Society, vol. 107(440), pages 150-58, January.
  9. Busche, Kelly & Hall, Christopher D, 1988. "An Exception to the Risk Preference Anomaly," The Journal of Business, University of Chicago Press, vol. 61(3), pages 337-46, July.
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Cited by:
  1. David Paton & Donald S. Siegel & Leighton Vaughan Williams, 2002. "A Policy Response To The E--Commerce Revolution: The Case Of Betting Taxation In The UK," Economic Journal, Royal Economic Society, vol. 112(480), pages F296-F314, June.
  2. David Paton & Donald S. Siegel & Leighton Vaughan Williams, 2004. "Productivity Measurement in a Service Industry: Plant-Level Evidence from Gambling Establishments in the United Kingdom," Rensselaer Working Papers in Economics 0413, Rensselaer Polytechnic Institute, Department of Economics.

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