Koessler, Frédéric; Noussair, Charles; Ziegelmeyer, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
This paper examines simple parimutuel betting games under asymmetric information,with particular attention to … market, all(symmetric and asymmetric) Bayesian-Nash equilibria are generically characterized as afunction of the number of … bettors and the quality of their private information. Therealways exists a separating equilibrium, in which all bettors follow …