Parametrized cobordism categories and the Dwyer-Weiss-Williams index theorem

We define parametrized cobordism categories and study their formal properties as bivariant theories. Bivariant transformations to a strongly excisive bivariant theory give rise to characteristic classes of smooth bundles with strong additivity properties. In the case of cobordisms between manifolds with boundary, we prove that such a bivariant transformation is uniquely determined by its value at the universal disk bundle. This description of bivariant transformations yields a short proof of the Dwyer-Weiss-Williams family index theorem for the parametrized A-theory Euler characteristic of a smooth bundle.