Manipulation in political stock markets: Preconditions and evidence

Political stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioral model, specific preconditions were drawn out under which manipulation in PSM can weaken this argument. Evidence for manipulation is reported from the data of two separate PSM during the Berlin 99 state elections.

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Year of publication:	2001
Authors:	Hansen, Jan ; Schmidt, Carsten ; Strobel, Martin
Institutions:	Sonderforschungsbereich 373, Quantifikation und Simulation ökonomischer Prozesse, Wirtschaftswissenschaftliche Fakultät
Subject:	prognosis \| political stock markets \| decisive vote illusion \| manipulation

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Extent:	application/pdf
Series:	SFB 373 Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2001,61
Classification:	C93 - Field Experiments ; D4 - Market Structure and Pricing ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010956514