Filler, Günther (contributor) - 2009
) argues
that a nonparametric copula is a natural choice since there is no constructive way to
determine the optimal copula … context of weather
insurance particular interest lies in quantifying the likelihood of large payo s due to the
joint … strive for an optimal contract design in the sense of maximizing the hedging
e ectiveness we set V = 1. Moreover, it is …