The theory of index-based futures and options markets


  • Robert J. Shiller Yale University - NBER



market development, economic indexes


This paper reviews the development of index based futures and options markets. The thesis is that, while the growth of these markets to date has been dramatic, their development could be extended much further, if some problems of measurement can be solved.


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How to Cite

Shiller, R. J. (1993). The theory of index-based futures and options markets. Estudios Económicos De El Colegio De México, 8(2), 163–178.

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