This paper examines how liquidity affects market efficiency in a market environment where securities' true values are revealed at a predetermined point in time. We employ differences in minimum tick sizes at the betting exchange Betfair as a source of exogenous variation in liquidity. The...

Using representative and geocoded data from the Swiss Household Panel (SHP) and the Swiss Business Census, we estimate the effect of sports activity on health. OLS models show that sports activity significantly decreases overweight, sleeping problems, headaches, back problems, and perceived...