How digitalization can shape markets
The case of sports betting
Datos Bibliográficos
| ID | 9722189 |
|---|---|
| Autores | Jonas Vandenbruaene (0000-0001-5479-3219, University of Antwerp, autor de correspondencia), Jean Annaert (0000-0002-1680-3399, University of Antwerp and Antwerp Management School), Jan Annaert, Marc De Ceuster (University of Antwerp) |
| Año | 2025 |
| Volumen | 92 |
| Número | 366 |
| Páginas | 644-673 |
| Fecha de publicación | 2025-04-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Economica (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Editorial | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12570 |
| OpenAlex | W4406805702 |
| Idioma | EN |
| Referencias citadas | 63 |
Digitalization has an impact on many vested businesses, decreasing marginal costs and increasing informed customers, among other things. However, measuring the impact of digitalization remains difficult. Betting markets provide a clean setting to estimate the price impact of digitalization, as products are homogeneous and it is easy to measure pricing behaviour. Consistent with mixed strategy models under imperfect information, we show that between 2000 and 2023, transaction costs for gamblers dropped by over 60%, although transaction‐cost dispersion persists. Furthermore, we also find that betting markets became more informationally efficient over this period, with a significant decrease in the favourite–longshot bias
Business · Economics · Consumer Market Behavior and Pricing · Gambling Behavior and Treatments · Sports Analytics and Performance
Frictionless Commerce? A Comparison of Internet and Conventional Retailers
Are betting markets efficient? Evidence from European Football Championships
Consumption benefits and gambling
Bettors Love Skewness, Not Risk, at the Horse Track
Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
An Inquiry into the Economics of Race-Track Gambling
Explaining the Favorite–Long Shot Bias
The Economics of Information
Gambling and Rationality
Utility Analysis and Group Behavior
The Effects of Risk Aversion on Wagering
Inter‐market Arbitrage in Betting
Optimal Setting of Point Spreads
Market Efficiency in Person‐to‐Person Betting
Revealing Weak‐Form Inefficiency in a Market for State Contingent Claims
An Examination of the Determinants of Biased Behaviour in a Market for State Contingent Claims
Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias
A Policy Response to the E‐Commerce Revolution
Why are Gambling Markets Organised so Differently from Financial Markets
Information and Efficiency
The Gambling Act 2005
Digital Economics
Lessons About Markets from the Internet
Anomalies
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |