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A betting market: Description and a theoretical explanation of bets in pelota matches
(2006) Documento de trabajo / Lan gaiak,
In pelota matches, bets are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper a description of the way bets are made and an explanation of the existence of those markets ...
Market allocations of location choice: an example
(2003) Documento de trabajo / Lan gaiak,
The purpose of this paper is to make an example which, first, illustrates Starret’s Spatial Imposibility Theorem, when agents have free mobility; and second, allowes us to get a competitive equilibrium with transportation ...