Outcome Manipulation in Corporate Prediction Markets
构建了一个将预测市场应用于企业决策的框架,分析了均衡中结果操纵的程度及其对市场价格的影响。
This paper presents a framework for applying prediction markets to corporate decision-making. The analysis is motivated by the recent surge of interest in markets as information aggregation devices and their potential use within firms. We characterize the amount of outcome manipulation that results in equilibrium and the impact of this manipulation on market prices.