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» Pari-Mutuel Markets: Mechanisms and Performance
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WINE
2007
Springer
149views Economy» more  WINE 2007»
13 years 11 months ago
Pari-Mutuel Markets: Mechanisms and Performance
Recently, there has been an increase in the usage of centrally managed markets which are run by some form of pari-mutuel mechanism. A parimutuel mechanism is characterized by the ...
Mark Peters, Anthony Man-Cho So, Yinyu Ye
SIGECOM
2010
ACM
174views ECommerce» more  SIGECOM 2010»
13 years 3 months ago
Aggregation and manipulation in prediction markets: effects of trading mechanism and information distribution
We conduct laboratory experiments on variants of market scoring rule prediction markets, under different information distribution patterns, in order to evaluate the efficiency an...
Lian Jian, Rahul Sami
MANSCI
2010
113views more  MANSCI 2010»
13 years 3 months ago
Prediction Markets: Alternative Mechanisms for Complex Environments with Few Traders
Double auction prediction markets have proven successful in large-scale applications such as elections and sporting events. Consequently, several large corporations have adopted t...
Paul J. Healy, Sera Linardi, J. Richard Lowery, Jo...
ATAL
2008
Springer
13 years 6 months ago
Characterizing effective auction mechanisms: insights from the 2007 TAC market design competition
This paper analyzes the entrants to the 2007 TAC Market Design competition. It presents a classification of the entries to the competition, and uses this classification to compare...
Jinzhong Niu, Kai Cai, Simon Parsons, Enrico Gerdi...
SAGT
2010
Springer
186views Game Theory» more  SAGT 2010»
13 years 2 months ago
On the Efficiency of Markets with Two-Sided Proportional Allocation Mechanisms
We analyze the performance of single-parameter mechanisms for markets in which there is competition amongst both consumers and suppliers (namely, two-sided markets). Specifically, ...
Volodymyr Kuleshov, Adrian Vetta