Hirschauer, Norbert; Mußhoff, Oliver - In: German Risk and Insurance Review (GRIR) 4 (2008) 1, pp. 1-27
Since the mid-nineties, agro-economists discuss the relevance of 'weather derivatives' as hedging instruments for … meteorological station. Motivated by the question of how weather derivatives should be priced to agricultural firms, this paper … describes a risk programming model which can be used to determine farmers' willingness-to-pay (demand function) for weather …