Results 21 to 30 of about 198 (109)
The use of weather forecasts in the pricing of weather derivatives
Meteorological Applications, 2003 AbstractWe discuss how weather forecasts can be used in the pricing of weather derivatives and derive results for the most important types of weather index and contract. We show that calculating the expected payoff of linear contracts on linear indices requires only forecasts of the mean temperature over the contract period.
Stephen Jewson, Rodrigo Caballero
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Climatic changes and weather risk management in agriculture [PDF]
Anali Ekonomskog fakulteta u Subotici, 2016 Despite the constant development of the system of forecasting unpredicted events and risks, there are many economic sectors where revenues depend directly on the wheather variables.
Stevanović Simo +2 more
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Energies, 2021 Previous studies have demonstrated that non-parametric hedging models using temperature derivatives are highly effective in hedging profit/loss fluctuation risks for electric utilities.
Takuji Matsumoto, Yuji Yamada
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A Primer on Weather Derivatives
, 2009 We give a short introduction to weather derivatives. We discuss what they are made for. We describe the markets on which they are exchanged, and how they are used to promote agricultural risk transfer in developing countries via the World Bank program. We also treat some specific issues such as basis risk, pricing and design.
Barrieu, Pauline, Scaillet, Olivier
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Weather Risk Management in Agriculture Using Weather Derivatives
RIVISTA DI ECONOMIA AGRARIA, 2022 The purpose of this paper is to examine weather risk management by application of weather derivatives in agriculture and evaluate the hedging efficiency. Agriculture is a sector highly sensitive to meteorological elements that affect the yield of many crops.
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Effectiveness of weather derivatives as a hedge against the weather risk in agriculture
Agricultural Economics (AGRICECON), 2016 Weather affects the economies worldwide and all economic sectors are to some extent weather sensitive. Agriculture is traditionally highly weather sensitive.
Ivana STULEC +2 more
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Weather Derivatives, Spatial Aggregation, and Systemic Risk: Implications for Reinsurance Hedging
Journal of Agricultural and Resource Economics, 2008 Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In contrast to earlier studies which investigate the problem at low levels of aggregation, we find that better weather hedging opportunities ...
Joshua D. Woodard, Philip Garcia
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Indifference Pricing of Weather Derivatives
American Journal of Agricultural Economics, 2008 AbstractWeather derivatives are difficult to price due to the nontradability of weather and the absence of liquid secondary markets for these contracts. We use the concept of indifference pricing to develop a model for calculating the willingness to pay for weather insurance.
Xu, Wei +2 more
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A Methodical Approach to Design and Valuation of Weather Derivatives in Agriculture
Advances in Meteorology, 2013 The paper deals with weather derivatives as the potentially effective risk management tool for agricultural enterprises seeking to mitigate their income exposure to variations in weather conditions.
Jindrich Spicka, Jiri Hnilica
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HEDGING BY USING WEATHER DERIVATES IN WINTER SKI TOURISM
Ekonomika Poljoprivrede (1979), 2018 Tourism, as one of the main driving forces of economic development, is exposed to many risks. Besides frequent fluctuations in foreign currency exchange, prices of fuel and transportation, the tourism industry has become more sensitive to weather ...
Bojan S. Đorđević
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