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The Liquidity Advantage of the Quote-Driven Market: Evidence from the Betting Industry

Flepp, Raphael; Nüesch, Stephan; Franck, Egon - Institut für Betriebswirtschaftslehre, … - 2014

Even though betting exchanges are considered to be the superior business model in the betting industry due to less … 1.8 million bookmaker and betting exchange odds for 17,410 soccer matches played worldwide, we find that the bookmaker … offers higher odds and bettor returns than the betting exchange when liquidity at the betting exchange is low. …

Persistent link: https://www.econbiz.de/10010938729

Liquidity, market efficiency and the influence of noise traders : quasi-experimental evidence from the betting industry

Flepp, Raphael; Nüesch, Stephan; Franck, Egon - 2013

revealed at a predetermined point in time. We employ differences in minimum tick sizes at the betting exchange Betfair as a …

Persistent link: https://www.econbiz.de/10010363066

Platform competition : Betfair and the U.K. market for sports betting

Casadesus-Masanell, Ramon; Campbell, Neil - 2018

We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi … underfunded second mover in the betting exchange space, it was able to attract punters at a much faster rate than the better …

Persistent link: https://www.econbiz.de/10012019905

Price-cost margin and bargaining power in the European Union

Soares, Ana Cristina - 2019

Using firm-level data between 2004 and 2012 for eleven countries of the European Union (EU), we document the size of product and labour market imperfections within narrowly defined sectors including services which are virtually undocumented. Our findings suggest that perfect competition in both...

Persistent link: https://www.econbiz.de/10011999316

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...

Persistent link: https://www.econbiz.de/10011517977

Price coordination in two-sided markets : competition in the TV industry

Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2010

The TV industry is a two-sided market where both advertisers and viewers buy access to the programs offered by competing TV channels. Under the current market structure advertising prices are typically set by TV channels while viewer prices are set by distributors (e.g. cable operators). The...

Persistent link: https://www.econbiz.de/10003955216

Network neutrality and network management regulation : quality of service, price discrimination, and exclusive contracts

Economides, Nicholas; Tåg, Joacim - 2011

We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no variations in Quality of Service and no price discrimination; (ii) variations in Quality of Service but no price discrimination; (iii) variations in Quality of Service and price...

Persistent link: https://www.econbiz.de/10009382383

Open versus closed platforms

Tåg, Joacim (contributor) - 2008

This paper studies an industry where firms can choose to provide open or closed platforms. Open, as opposed to closed, platforms are extendable so that third-party producers can develop extensions for them. Building on a two-sided market model, I show that firms might prefer to commit to keeping...

Persistent link: https://www.econbiz.de/10003691582

Efficiency and the provision of open platforms

Tåg, Joacim (contributor) - 2008

Private firms may not have efficient incentives to allow third-party producers to access their platform or develop extensions for their products. Based on a two-sided market model, I discuss two reasons for why. First, a private firm may not be able to internalize all benefits from cross-group...

Persistent link: https://www.econbiz.de/10003691584

Mutual Fund Market Structure and Company Fee Competition : Theory and Evidence

Grice, Richard; Guecioueur, Ahmed - 2023

We investigate whether competition between the fund companies that offer mutual funds constrains individual fund fees. We document that over half of individual fund fee variation is explained by company-wide components. Moreover, we show using SEC prospectus download data that company-level...

Persistent link: https://www.econbiz.de/10014348856

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