Prediction markets have proven high forecasting performance in many areas such as politics, sportsand business-related fields compared to traditional instruments such as polls or expert opinions. Theadvantage of real-money prediction markets is to provide participants with a clear incentive to...

There is strong evidence that on-the-run U.S. Treasury securities trade muchmore liquidly and at significantly higher prices than their off-the-run counterparts.We examine if the same phenomenon is present in the German government bondmarket whose market structure differ markedly from that of...

For the Euro 2000 Soccer Championships an experimental asset market was conducted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilites are compared to professional bet quotas, and factors that are responsible for the quality of the market...