The incidence of insider trading in betting markets and the Gabrsiel and Marsden anomaly

Manchester School

Volumn 69, Issue 2, 2001, Pages 197-207

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

^a UNIVERSITY OF SALFORD   (United Kingdom)

^b SWANSEA UNIVERSITY   (United Kingdom)

^c UNIVERSITY OF WALES   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039569285     PISSN: 14636786     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9957.00242     Document Type: Article

References (11)

1. Blackburn, P. and Pierson, J. (1995). 'Betting at British Racecourses: an Analysis of Semi-strong Efficiency between Bookmaker and Tote Odds', Discussion Paper 95/4, Department of Economics, University of Kent at Canterbury.
2. Cain, M., Law, D. and Peel, D. A. (1996). 'Insider Trading in the Greyhound Betting Market', Paper 96-01, Salford Papers in Gambling Studies, Department of Economics, University of Salford.
3. Fingleton, J. and Waldron, P. (1996). 'Optimal Determination of Bookmakers' Betting Odds: Theory and Tests', Technical Paper 96/9, Trinity Economic Paper Series, Trinity College, Dublin.
4. Gabriel, P. E. and Marsden, J. R. (1990). 'An Examination of Market Efficiency in British Racetrack Betting', Journal of Political Economy, Vol. 98, pp. 874-885.
5. Gabriel, P. E. and Marsden, J. R. (1991). 'An Examination of Market Efficiency in British Racetrack Betting: Errata and Corrections', Journal of Political Economy, Vol. 99, pp. 657-659.
6. Jullien, B. and Salanié, B. (1994). 'Measuring the Incidence of Insider Trading: a Comment on Shin', Economic Journal, Vol. 104, pp. 1418-1419.
7. Royal Commission on Gambling (1978). Cmnd. 7200, London, HMSO.
8. Shin, H. S. (1991). 'Optimal Betting Odds against Insider Traders', Economic Journal, Vol. 101, pp. 1179-1185.
9. Shin, H. S. (1992). 'Prices of State-contingent Claims with Insider Traders and the Favourite-Longshot Bias', Economic Journal, Vol. 102, pp. 426-435.
10. Shin, H. S. (1993). 'Measuring the Incidence of Insider Trading in a Market for State-contingent Claims', Economic Journal, Vol. 103, pp. 1141-1153.
11. Vaughan Williams, L. and Paton, D. (1997). 'Why is There a Favourite-Longshot Bias in British Racetrack Betting Markets?', Economic Journal, Vol. 107, No. 1, pp. 150-158.