Estimates of the degree of insider trading in two disparate betting markets

Authors
Cain, M Law, D Peel, DA
Citation
M. Cain et al., Estimates of the degree of insider trading in two disparate betting markets, APPL ECON L, 6(3), 1999, pp. 191-193
Citations number
7
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
6
Issue
3
Year of publication
1999
Pages
191 - 193
Database
ISI
SICI code
1350-4851(199903)6:3<191:EOTDOI>2.0.ZU;2-M
Abstract
Conditional on the Shin (Economic Journal, 103, 1993) model, the incidence of insider trading is estimated in two different British betting markets: t hose for horse-racing and the 1997 general election. Formal testing confirm s that insider trading is significantly lower in handicap than non-handicap races.