Outcome manipulation in corporate prediction markets

被引：24

作者：

Ottaviani, Marco ^{[1
]}

Sorensen, Peter Norman

机构：

[1] London Business Sch, London NW1 4SA, England

[2] Univ Copenhagen, DK-1168 Copenhagen, Denmark

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2007年 / 5卷 / 2-3期

关键词：

INFORMATION;

D O I：

10.1162/jeea.2007.5.2-3.554

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：554 / 563

页数：10

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