Re: Employment Index Derivatives
--- Jonathan Kalbfeld <[EMAIL PROTECTED]> wrote: > 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? The Iowa Electronic Market (http://www.biz.uiowa.edu/iem) has futures markets on FED policy, elections, etc. Fred Foldvary = [EMAIL PROTECTED]
Re: Employment Index Derivatives
It would be interesting to put the appropriate economics experts and appropriate regulatory folks in the same room and walk out with a tradable security. Not bad for a day's work. Thanks for the info, Alex! jonathan On Tue, 7 Jan 2003, Alex Tabarrok wrote: > It's a good idea. Not much exists yet but Robert Shiller has been > actively promoting similar ideas for some time. A good introduction is > his paper with co-authors in the volume I edited called Entrepreneurial > Economics: Bright Ideas from the Dismal Science, see > > www.EntrepreneurialEconomics.org > > Alex > > -- > Alexander Tabarrok > Department of Economics, MSN 1D3 > George Mason University > Fairfax, VA, 22030 > Tel. 703-993-2314 > > and > > Director of Research > The Independent Institute > 100 Swan Way > Oakland, CA, 94621 > Tel. 510-632-1366 > > > > > -- Jonathan Kalbfeld ThoughtWave Technologies LLC h: +1 415 386 UNIX UNIX, Networks, Programming o: +1 415 386 8287 San Francisco, CA
Re: Employment Index Derivatives
It's a good idea. Not much exists yet but Robert Shiller has been actively promoting similar ideas for some time. A good introduction is his paper with co-authors in the volume I edited called Entrepreneurial Economics: Bright Ideas from the Dismal Science, see www.EntrepreneurialEconomics.org Alex -- Alexander Tabarrok Department of Economics, MSN 1D3 George Mason University Fairfax, VA, 22030 Tel. 703-993-2314 and Director of Research The Independent Institute 100 Swan Way Oakland, CA, 94621 Tel. 510-632-1366
Employment Index Derivatives
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
