Estimates of the degree of insider trading in two disparate betting markets
Conditional on the Shin (Economic Journal, 103, 1993) model, the incidence of insider trading is estimated in two different British betting markets: those for horse-racing and the 1997 general election. Formal testing confirms that insider trading is significantly lower in handicap than non-handicap races.
Year of publication: |
1999
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Authors: | Cain, Michael ; Law, David ; Peel, David |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 6.1999, 3, p. 191-193
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Publisher: |
Taylor & Francis Journals |
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