Betting exchanges match people to take opposite sides of a bet. We present a model of a betting exchange in which participants disagree about outcome probabilities but are, on average, correct. Traders maximize subjective expected profits and equilibrium emerges from a simple matching process....

Betting exchanges match people to take opposite sides of a bet. We present a model of a betting exchange in which participants disagree about outcome probabilities but are, on average, correct. Traders maximize subjective expected profits and equilibrium emerges from a simple matching process....

Agriculture constitutes an activity intrinsically linked, in the collective imagination, to the rural world. Such economic activities are also, however, carried out in cities, and their mediations. This study aims to provide a current overview of AUP in Brazil and evaluate the challenges...