Equilibrium in prediction markets with buyers and sellers

Shipra Agrawal, Nimrod Megiddo and Benjamin Armbruster

Economics Letters, 2010, vol. 109, issue 1, 46-49

Abstract: Prediction markets with buyers and sellers of contracts on multiple outcomes are shown to have unique equilibrium prices, which can be computed in polynomial time.

Keywords: Parimutuel; betting; Aggregate; beliefs; Subjective; probability (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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