Hansen, Jan; Schmidt, Carsten; Strobel, Martin - In: Applied Economics Letters 11 (2004) 7, pp. 459-463
Political stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioural model, specific preconditions were drawn out under which manipulation in PSM can weaken this argument. Evidence for manipulation is reported from the data of two separate PSM during...