Markovic, Todor; Martinovska-Stojcheska, Aleksandra; … - European Association of Agricultural Economists - EAAE - 2012
Since the late 1990s scientists have discussed the use of weather derivatives to hedge weather conditioned yield volatility in the agricultural sector. The hedging efficiency is depending on the contract design (Weather-Index, Strike-Level, Tick-Size). The basis risk consisting of the basis risk...