Maschke, Mario; Schmidt, Ulrich - Kiel Institute for the World Economy - 2010
in conjunction with the decreasing tax revenue may motivate a liberalization of betting markets in Germany. We consider …This paper focuses on the legal monopoly for sporting bets in Germany. We analyze the pricing behavior of the … monopolist ODDSET and find that typical pricing inefficiencies on betting markets are reinforced under the monopoly. This result …