Benth, Fred Espen; Benth, Jūratė Šaltytė - World Scientific Publishing Co. Pte. Ltd.
Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are … such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis … ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The …