30
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

Efficiency characteristics of a market for state contingent claims

Pages 1751-1754 | Published online: 05 Oct 2010

References

  • Asch , P. , Malkiel , B. G. and Quandt , R. E. 1984 . Market efficiency in racetrack betting . Journal of Business , 57 : 165 – 175 .
  • Bruce , A. C. and Johnson , J. E. V. Market efficiency analysis requires a sensitivity to market characteristics: some observations on a recent study of betting market efficiency . Applied Economics Letters , forthcoming
  • Crafts , N. F. R. 1985 . Some evidence of insider knowledge in horse race betting in Britain . Economica , 52 : 295 – 304 .
  • Figlewski , S. 1979 . Subjective information and market efficiency in a betting market . Journal of Political Economy , 87 : 75 – 88 .
  • Gabriel , P. E. and Marsden , J. R. 1990 . An examination of market efficiency in British racetrack betting . Journal of Political Economy , 98 : 874 – 885 .
  • Gabriel , P. E. and Marsden , J. R. 1991 . An examination of market efficiency in British racetrack betting: Errata and corrections . Journal of Political Economy , 99 : 657 – 659 .
  • Schnytzer , A. and Shilony , Y. 1995 . Inside information in a betting market . Economic Journal , 105 : 963 – 971 .
  • Shin , H. S. 1991 . Optimal betting odds against insider traders . Economic Journal , 101 : 1179 – 1185 .
  • Shin , H. S. 1992 . Prices of state-ontingent claims with insider traders, and the favourite-longshot bias . Economic Journal , 102 : 426 – 435 .
  • Shin , H. S. 1993 . Measuring the incidence of insider trading in a market for state-contingent claims . Economic Journal , 103 : 1141 – 1153 .
  • Snyder , W. 1978 . Horse-racing: the efficient markets model . Journal of Finance , 78 : 1109 – 1118 .
  • Terrell , D. and Farmer , A. 1996 . Optimal betting and efficiency in parimutuel betting markets with information costs . Economic Journal , 106 : 846 – 868 .
  • Tuckwell , R. H. 1983 . The thoroughbred gambling market: efficiency, equity and related issues . Australian Economic Papers , June : 106 – 118 .
  • Vaughan-Williams , L. and Paton , D. 1997a . Why is there a favourite-longshot bias in British racetrack betting markets . Economic Journal , 107 : 150 – 158 .
  • Vaughan-Williams , L. and Paton , D. 1997b . Does information efficiency require a perception of information inefficiency? . Applied Economics Letters , 4 : 615 – 617 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.