Estimates of the degree of insider trading in two disparate betting markets

Applied Economics Letters

Volumn 6, Issue 3, 1999, Pages 191-

  Cain, Michael ^a   Law, David ^b   Peel, David A ^c  

^a UNIVERSITY OF SALFORD   (United Kingdom)

^b ABERYSTWYTH UNIVERSITY   (United Kingdom)

^c CARDIFF UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039130806     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/135048599353618     Document Type: Article

References (7)

1. Cain, M., Law, D. and Peel, D.A. (1996) Insider trading in the greyhound betting market, Salford Papers in Gambling Studies, No. 96-01, Department of Economics, University of Salford.
2. Crafts, N.F.R. (1985) Some evidence of insider knowledge in horse race betting in Britain, Economica, 52, 295-304.
3. Gabriel, P.E. and Marsden, J.R. (1990) An examination of market efficiency in British racetrack betting, Journal of Political Economy, 98(4), 874-85.
4. Shin, H. (1991) Optimal betting odds against insider traders, Economic Journal, 101, 1179-85.
5. Shin, H. (1992) Prices of state-contingent claims with insider traders, and the favourite-longshot bias, Economic Journal, 102, 426-35.
6. Shin, H. (1993) Measuring the incidence of insider trading in a market for state-contingent claims, Economic Journal, 103, 1141-53.
7. Williams, L.V. and Paton, D. (1997) Why is there a favourite-longshot bias in British racetrack betting markets? Economic Journal, 107, 150-8.