At odds with reality? The economics of betting
Economic analysis of traditional high street bookmakers and Internet-based betting exchanges shows that it is the lower cost base of the latter that allows punters to be offered more favourable odds than those offered by high street bookmakers. However, for larger bets, which need to be executed immediately, bookmakers may offer better odds than exchanges, since large bets on the latter can change the market clearing price.
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Podcasts
Draft merger guidelines: can we ensure dynamic and innovative markets flourish in Europe?
The European Commission’s draft merger guidelines are one of the most important ongoing debates in European policy. Nearly two decades have passed since the guidelines were last reviewed, and the new draft draws upon years of practice and precedent — reassessing core concerns around market power and consumer harm… Read More