The issue aims to provide an introduction to those new to the field as well as to describe some of the new and exciting applications within firms. The line-up, listed below, includes a real who’s who of companies using internal markets. There is also a commentary on each article written by some of the leading academics.

I hope many of the papers will be of interest to some of the readers here. And please do get in touch with me if you have questions or comments on the issue.

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Link to the special issue (JPM, Volume 3,  Number 2)

Table of contents:

Introduction to Special Issue on Corporate Applications of Prediction Markets
Author: Strumpf, Koleman (Univ of Kansas)

The Innovation Engine at Rite-Solutions: Lessons from the CEO
Author: Lavoie, Jim (Rite-Solutions)

The Challenge of Incentive Alignment in the Application of Information Markets Within an Organization
Author: Hall, Art (Center for Applied Economics)

Examining Trader Behavior in Idea Markets: An Implementation of GE’s Imagination Markets
Authors: Spears, Brian; LaComb, Christina; Interrante, John; Barnett, Janet; Senturk-Dogonaksoy, Deniz (GE)

The Design of Idea Markets: An Economist’s Perspective
Author: Ottaviani, Marco (Kellogg School)

Hanson’s Automated Market Maker
Authors: Berg, Henry; Proebsting, Todd A. (Microsoft)

On Market Maker Functions
Author: Hanson, Robin (George Mason)

Inkling: One Prediction Market Platform Provider’s Experience
Author: Siegel, Adam (Inkling)

“The Emergence of Prediction Markets within Business Firms: A Skeptical Perspective from an Intrigued Academic.”
Author: Rhode, Paul W. (Univ of Arizona)

Private Prediction Markets and the Law
Author: Bell, Tom W. (Chapman)

Comment on Bell Article
Author: Litan, Robert E. (Kauffman Foundation and Brookings Institution)