Optimal Price Setting in Fixed-Odds Betting Markets Under Information Uncertainty

2007 ◽  
Author(s):  
Vasiliki Makropoulou ◽  
Raphael N. Markellos
Keyword(s):  
Price Setting ◽  
Information Uncertainty ◽  
Optimal Price ◽  
Betting Markets

scholarly journals MEASURING THE EXTENT OF INSIDE TRADING IN HORSE BETTING MARKETS

2013 ◽  
Vol 4 (2) ◽  
pp. 21-41
Author(s):  
Adi Schnytzer ◽  
Martien Lamers ◽  
Vasiliki Makropoulou
Keyword(s):  
Insider Trading ◽  
Private Information ◽  
Inside Trading ◽  
Price Setting ◽  
Optimal Price ◽  
Potential Value ◽  
New Information ◽  
Betting Market ◽  
Betting Markets ◽  
Football Betting

This paper develops a theoretical framework for and models optimal price setting by on-course bookmakers in the racetrack betting market. This framework suggests that opening prices should include a premium that compensates bookmakers for the risk that insiders will account for private information and exploit any mis-pricing made by the bookmakers. The model is an extension of the model developed by Makropoulou and Markellos (2007) for football betting to the racetrack betting market. Using an extensive dataset and performing Monte Carlo simulations to calculate the potential value of new information, we measure insider trading in the Australian racetrack betting market.

Optimal price setting and inflation inertia in a rational expectations model

2008 ◽  
Vol 32 (8) ◽  
pp. 2584-2621 ◽  
Author(s):  
Michael Juillard ◽  
Ondra Kamenik ◽  
Michael Kumhof ◽  
Douglas Laxton
Keyword(s):  
Rational Expectations ◽  
Price Setting ◽  
Optimal Price ◽  
Inflation Inertia

scholarly journals A Bilevel Approach for Optimal Price-Setting of Time-and-Level-of-Use Tariffs

2020 ◽  
Vol 11 (6) ◽  
pp. 5462-5465
Author(s):  
Mathieu Besancon ◽  
Miguel F. Anjos ◽  
Luce Brotcorne ◽  
Juan A. Gomez-Herrera
Keyword(s):  
Price Setting ◽  
Optimal Price ◽  
Level Of Use

scholarly journals Optimal price-setting in pay for performance schemes in health care

2016 ◽  
Vol 123 ◽  
pp. 57-77 ◽  
Author(s):  
Søren Rud Kristensen ◽  
Luigi Siciliani ◽  
Matt Sutton
Keyword(s):  
Health Care ◽  
Pay For Performance ◽  
Price Setting ◽  
Optimal Price

Market Makerss Optimal Price-Setting Policy for Exchange-Traded Certificates

2014 ◽  
Author(s):  
Stefanie Baller ◽  
Oliver Entrop ◽  
Michael D. McKenzie ◽  
Marco Wilkens
Keyword(s):  
Price Setting ◽  
Optimal Price

scholarly journals Market makers’ optimal price-setting policy for exchange-traded certificates

2016 ◽  
Vol 71 ◽  
pp. 206-226 ◽  
Author(s):  
Stefanie Baller ◽  
Oliver Entrop ◽  
Michael McKenzie ◽  
Marco Wilkens
Keyword(s):  
Price Setting ◽  
Optimal Price ◽  
Market Makers

General Principles of Price Setting in Competitive and Monopolized Markets

2005 ◽  
pp. 56-71
Author(s):  
A. Verenikin
Keyword(s):  
Production Technology ◽  
Profit Maximization ◽  
Price Setting ◽  
Optimal Price ◽  
Competitive Industry ◽  
Competitive Firm ◽  
Key Factor ◽  
Cost Determination ◽  
Output Quantity ◽  
Maximization Principle

The author uses microeconomic approach to compare optimal price, input and output quantity setting for a firm in a competitive industry and with market power. Revealed profit maximization principle is applied to draw a conclusion that production technology plays a fundamental role in cost determination for a monopoly and a competitive firm. Production technology is a key factor that promotes both centrifugal, contending and centripetal, integrative trends in a modern economy.

scholarly journals Optimal price setting during a currency changeover: theory and evidence from french restaurants

2014 ◽  
Vol 46 (23) ◽  
pp. 2766-2782 ◽  
Author(s):  
Nicoletta Berardi ◽  
Thomas Eife ◽  
Erwan Gautier
Keyword(s):  
Price Setting ◽  
Optimal Price
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