Does transparency imply efficiency? The case of the European soccer betting market

被引：4
|
作者：
Oikonomidis, Anastasios [1 ]
Bruce, Alistair C. [2 ]
Johnson, Johnnie E. V. [1 ]
机构：
[1] Univ Southampton, Southampton Business Sch, Southampton SO17 1BJ, Hants, England
[2] Univ Nottingham, Sch Business, Nottingham NG7 2RD, England
来源：
ECONOMICS LETTERS | 2015年 / 128卷
关键词：
Efficiency; Transparent market; Favourite-longshot bias;
D O I：
10.1016/j.econlet.2015.01.015
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We discover mispricing in an apparently transparent market the European soccer betting market. Efficiency differences between countries are accounted for by variations in league competitiveness. We conclude that barriers to efficiency (e.g., risk evaluation problems) may remain in transparent markets. (C) 2015 Elsevier B.V. All rights reserved.
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页码：59 / 61
页数：3
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