Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

تمرين 7

In a famous bet known as the Simon-Ehrlich wager, Paul Ehrlich bet that over the course of 10 years, the prices of five commodities would be higher than they were at the start of the decade; Julian Simon believed the price of these goods would be lower. The loser had to pay the difference of the price from the starting point. What type of financial asset does this wager resemble? Why?