I've been reading about weather derivatives at http://www.weatherderivs.com/ and was curious if anyone knew of an existence of other kinds of derivatives, on things like labor market size, unemployment rate, CPI, inflation rate, cost of gas at the pump, etc?
Is anyone interested in working on something like this together? I'm completely self-educated without so much as a bachelor's degree, but if there's some PhD out there who's interested in listening to my ideas, I think this idea could be publishable, and could be an amazing way for corporations to hedge against fluctuations in availability of product as well as availability of labor. Forgive my narrow mind if something like this has already been invented, but if not I have some ideas as to how to structure put/call contracts to make sense. I'm also a licensed NASD rep and can do the nasty research side of how to make something like this legal and tradable on places like the CBOE, PCX, and other exchanges. Who knows? We might be able to invent a new kind of financial instrument and maybe win the nobel prize. Again, I'm a naive college dropout so please forgive my earnestness. jonathan
