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Manipulation in Political Stock Markets - Preconditions and Evidence

Authors :
Jan Petter Hansen
Martin Strobel
Carsten Schmidt
Externe publicaties SBE
Microeconomics & Public Economics
RS: GSBE METEOR T1
RS: GSBE
Source :
Applied Economics Letters, 11(7, June), 459-463. Routledge/Taylor & Francis Group
Publication Year :
2004

Abstract

Political stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioural 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 1999 state elections.

Details

Language :
English
ISSN :
13504851
Volume :
11
Issue :
7
Database :
OpenAIRE
Journal :
Applied Economics Letters
Accession number :
edsair.doi.dedup.....4177c8d959cfd51a59f4a8948d760581