Prior academic studies find that bets on underdogs persistently win more often than expected in National Football League (NFL) and National Collegiate Athletic Association (NCAA) football gambling markets. We extend this stream of literature by examining this 'underdog bias' in the market for...

Empirical support for the Levitt hypothesis of sportsbook behaviour, where sportsbooks set prices to maximize profits, not to clear the market, is shown using data from actual sportsbooks. Betting percentages on favourites and underdogs (pointspread market) and overs and unders (totals market)...

The generality of the Cagan model for money demand is questioned. Some high inflationary economies are hit by external shocks that may have a non-transitory effect on macroeconomic variables including consumer prices, high-powered money, or narrow money which are usually used in these studies....

Because of reduced stockholding, Chinese domestic corn markets are becoming much more interdependent with the rest of the world. As China's economy continues to transition from centrally planned to market oriented, internal pressure for increased use of market mechanisms in trading corn and...

This study is conducted (1) to examine the possible link between increased trade openness and technical efficiency in Brazilian agriculture and (2) to contribute to the scholarly debate in the literature by measuring the impact of trade openness on technical efficiency. The analysis is conducted...