Market movers and tote and bookmakers returns: further empirical evidence on a market anomaly

David Peel, D. Law and M. Cain

Applied Economics Letters, 1999, vol. 6, issue 12, 801-804

Abstract: This letter provides empiricial evidence on the impact of market movements in odds between opening and closing prices on relative tote and bookmaker returns when explicit allowence is made for insider trading. The results support an asymetric impact and are not readily reconcilable with market effciency.

Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:6:y:1999:i:12:p:801-804

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048599352204

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().