Manipulation in political stock markets: Preconditions and evidence
Political stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioral 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 99 state elections.
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Dresden Discussion Paper Series in Economics
05/01, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
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Other publications TiSEM
871eef99-1e85-4985-9e94-e, Tilburg University, School of Economics and Management.
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