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We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi-sided platform, or MSP) vs. Flutter (also an MSP), and (ii) Betfair vs. traditional bookmakers. We find that although Betfair was an underfunded second mover in the betting exchange...
Persistent link: https://www.econbiz.de/10012019905
Financial regulation is a much debated topic for some time. The history of financial instruments started at a time when …. Financial derivatives are a sub species of financial instruments No internationally accepted principles for regulation of … judiciary regarding the regulation of financial instruments in general and financial derivatives in particular. The US, UK and …
Persistent link: https://www.econbiz.de/10012954603
regulation protected marketplace, and permitted industry cartel, to open aggressive competition). In this article the orthodoxy …
Persistent link: https://www.econbiz.de/10014027483
This article seeks to illustrate some of the balances which need to be reached in gambling regulation in the context of … nationally-oriented approaches, offering both possible solutions and problems for the regulation of gambling in the European … the internal market. Such balances are to be found at both the national and European levels. Although the regulation of …
Persistent link: https://www.econbiz.de/10014224352
This briefing explains that the UK and the EU would still be able to make arrangements which are already extended to non-EU members, such as an ‘air services agreement’ to keep planes flying. This would require flexibility on both sides, but the mutual interests in protecting aviation would...
Persistent link: https://www.econbiz.de/10013224825
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We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10003942188
amongst those likely to be credit constrained. This is consistent with credit constrained, risk-averse agents gambling to … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …
Persistent link: https://www.econbiz.de/10008991953
who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …
Persistent link: https://www.econbiz.de/10009753240