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 ...
We conduct laboratory experiments on variants of market scoring rule prediction markets, under different information distribution patterns, in order to evaluate the efficiency an...
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...
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...
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, ...