This paper examines a game-theoretical model of parimutuel betting markets with asymmetric information. Generically, all Bayesian-Nash equilibria of the simultaneous game are characterized depending on the number of bettors and the quality of their private information. An equilibrium where all...

This paper analyzes a model of sequential parimutuel betting described as a two-horse race with a finite number of noise bettors and a finite number of strategic and symmetrically informed bettors. For generic objective probabilities that the favorite wins the race, a unique subgame perfect...

Le service d’élimination des déchets ménagers présente divers risques environnementaux et sanitaires. Si, en accord avec la législation actuelle, nous supposons que le recyclage constitue la moins mauvaise des voies d’élimination, développer la collecte sélective améliore la...