Outcome manipulation in corporate prediction markets
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Outcome manipulation in corporate prediction markets. / Ottaviani, Marco; Sørensen, Peter Norman.
I: Journal of the European Economic Association, Bind 5, Nr. 2-3, 2007, s. 554-563.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Outcome manipulation in corporate prediction markets
AU - Ottaviani, Marco
AU - Sørensen, Peter Norman
N1 - JEL Classification: D71, D82, D83
PY - 2007
Y1 - 2007
N2 - This paper presents a framework for applying prediction markets to corporate decision-making. The analysis is motivated by the recent surge of interest in markets as information aggregation devices and their potential use within firms. We characterize the amount of outcome manipulation that results in equilibrium and the impact of this manipulation on market prices
AB - This paper presents a framework for applying prediction markets to corporate decision-making. The analysis is motivated by the recent surge of interest in markets as information aggregation devices and their potential use within firms. We characterize the amount of outcome manipulation that results in equilibrium and the impact of this manipulation on market prices
KW - Faculty of Social Sciences
KW - predictions
KW - information aggregation
KW - forecasting
KW - incentives
U2 - 10.1162/jeea.2007.5.2-3.554
DO - 10.1162/jeea.2007.5.2-3.554
M3 - Journal article
VL - 5
SP - 554
EP - 563
JO - Journal of the European Economic Association
JF - Journal of the European Economic Association
SN - 1542-4774
IS - 2-3
ER -
ID: 868301