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Original Articles

Market efficiency analysis requires a sensitivity to market characteristics: some observations on a recent study of betting market efficiency

Pages 199-202 | Published online: 22 Oct 2010

References

  • Bruce , A. C. and Johnson , J. E. V. 1996 . Market power in British parimutuel and bookmaker-based horserace betting markets: an empirical analysis , School of Management and Finance Discussion Paper, 1996.11 University of Nottingham .
  • Crafts , N. 1985 . Some evidence of insider knowledge in horserace betting in Britain . Economica , 52 : 295 – 304 .
  • 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 .
  • Vaughan Williams , L. and Paton , D. 1997 . Does information efficiency require a perception of information inefficiency? . Applied Economics Letters , 4 : 615 – 617 .

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