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How Do Markets Function? An Empirical Analysis of Gambling on the National Football League

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NBER2003-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9422
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The market for sports gambling is structured very differently than the typical financial market. In sports betting, bookmakers announce a price, after which adjustments are small and infrequent. As a consequence, bookmakers do not play the traditional role of market makers whose primary function is
提供机构:
美国国家经济研究局
创建时间:
2003-01-01
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