Corporate Prediction Markets: Evidence from Google, Ford, and Koch Industries
The document examines the efficiency of corporate prediction markets at Google, Ford, and Koch Industries, and finds that despite some inefficiencies, these markets perform reasonably well.
"Thus markets for...celebrity unions and papal conclaves can make transparent what remains somewhat obscure in the tumultuous world of stock and bond trading—price movements are signals that many compete to understand, but which none can interpret with complete confidence."