From: Robin Hanson (rhanson@gmu.edu)
Date: Fri Jun 06 2003 - 15:27:59 MDT
On 6/7/2003, Brett Paatsch wrote:
> > Idea Futures "Markets in the Future of the MidEast" will be
> > open to the public for real money trading October 1, 2003:
> > www.PolicyAnalysisMarket.org ...
>
>What about transaction fees? What would be the basic
>transaction unit?(presumably in US$).
US$, and no transaction fees, other than the fact that you
might not be paid interest on your deposit.
>How do the contracts get defined? It would seem that
>the contracts must be based on binary and clearly verifiable
>propositions but there are a large number of such possible
>propositions how would these be arrived at?
The Economist Intelligence Unit will be the final judge and
definer. More details will be forthcoming.
>Has this sort of futures market been created before?
Nope.
Robin Hanson rhanson@gmu.edu http://hanson.gmu.edu
Assistant Professor of Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323
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