Manipulation in political stock markets - preconditions and evidence
AbstractPolitical stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioural model, specific preconditions were drawn out under which manipulation in PSM can weaken this argument. Evidence for manipulation is reported from the data of two separate PSM during the Berlin 1999 state elections.
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Bibliographic InfoPaper provided by The Field Experiments Website in its series Natural Field Experiments with number 00265.
Date of creation: 2004
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Other versions of this item:
- Jan Hansen & Carsten Schmidt & Martin Strobel, 2004. "Manipulation in political stock markets - preconditions and evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 11(7), pages 459-463.
- Hansen, Jan & Schmidt, Carsten & Strobel, Martin, 2001. "Manipulation in political stock markets: Preconditions and evidence," SFB 373 Discussion Papers 2001,61, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D4 - Microeconomics - - Market Structure and Pricing
- G1 - Financial Economics - - General Financial Markets
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