paper thereforestudies whether pure arbitrage opportunities existed ina sports prediction market. Moreover, market … substantial arbitrage opportunities available.Furthermore, we find that market markers play animportant role in prediction markets …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …