๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Optimal Contract Period for Priority Service

โœ Scribed by Hung-Po Chao and Robert Wilson


Book ID
123687291
Publisher
INFORMS
Year
1990
Tongue
English
Weight
314 KB
Volume
38
Category
Article
ISSN
0030-364X

No coin nor oath required. For personal study only.


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## Abstract In designing a derivative contract, an exchange carefully considers how its attributes affect the expected profits of its members. On November 3, 1997, the Chicago Mercantile Exchange doubled its tick size of its S&P 500 futures contract and halved the denomination, providing a rare opp