The definition of the information market is specified in the article; the structure of the information market and the structure of the Ukrainian market of information products and services are analyzed.

В статье рассматриваются основные направления реструктуризации информационного рынка, т. е. изменение конфигурации деятельности субъектов данного рынка в...

Forecasting seems to be a ubiquitous endeavor in human societies. In this paper, information markets are introduced as a promising mechanism for predicting uncertain outcomes. Information markets are markets that are specially designed for aggregating information and making predictions on future...

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...

Die Geschäftsentwicklung der DV-Dienstleister hat sich im zweiten Quartal 1997 weiter verbessert und erreichte den günstigsten Wert seit Einführung der vierteljährlichen Umfrage im Frühjahr 1995. Sehr positiv wurden auch die mittelfristigen Wachstumsperspektiven beurteilt: fast 90% planen...

Asset prices display high covariance relative to the covariance of their payoffs. (Pindyck and Rotemberg, 1993; Barberis, Shleifer and Wurgler, 2002) Many take this ‘excess covariance’ to be evidence of investor irrationality. This model reconciles the high covariance with a rational...