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 ability to shield the market organizer from financial risk by paying the winners from the stakes of the losers.

• Type: Conference
• Year: 2007
• Where: WINE
• Authors: Mark Peters, Anthony Man-Cho So, Yinyu Ye
• Keywords: Economy, Market, Pari-mutuel Mechanism, Parimutuel Mechanism, WINE 2007