2015 Fiscal Year Final Research Report
Risk-Free Arbitrage in the Japanese Racetrack Betting Market
| Project/Area Number |
24530197
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (C)
|
| Allocation Type | Multi-year Fund |
|---|
| Section | 一般 |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | Kobe University |
|---|
Principal Investigator |
Ashiya Masahiro 神戸大学, 経済学研究科(研究院), 教授 (10304057)
|
|---|
| Project Period (FY) |
2012-04-01 – 2016-03-31
|
| Keywords | 裁定取引 |
|---|
| Outline of Final Research Achievements |
This research project has found arbitrage opportunities in the Japanese racetrack betting market, where risk-free profits are guaranteed. There are 175 thoroughbred races operated by Arao city in the period of September 30 through December 23, 2011. Among them, arbitrage opportunities are found in Race 5 on October 20 and Race 11 on November 25. This result is published in Ashiya, M. (2015) “Lock! Risk-Free Arbitrage in the Japanese Racetrack Betting Market.” Journal of Sports Economics, 16(3), April, pp.322-330.
|
| Free Research Field |
ミクロ経済学
|
