Takeda and Yamagishi. The Economic Dynamics of City Structure: Evidence from Hiroshima's Recovery. がJPEにアクセプトされてる!
https://t.co/xymYuqShF5
おめでとうございます!@kohei_takeda
My paper “Unequal Wage Cyclicality: Evidence, Theory, and Implications for Labor Market Volatility” (https://t.co/7dXYHQf2dC) has been accepted at JPE Macro.
Many studies use betting markets to estimate preferences/beliefs under static frameworks where bettors condition on final odds. We provide evidence challenging this: without limit orders, parimutuel odds fail to aggregate information, generating systematic return patterns.
[UTMD-093] Are Final Market Prices Sufficient for Information Aggregation? Evidence from Last-Minute Dynamics in Parimutuel Betting (by Hiroaki Hanyu, Shunsuke Ishii, Suguru Otani, Kazuhiro Teramoto) https://t.co/OPbB84KEFq