In this paper we price a precipitation option based on empirical weather data from Germanyusing different pricing methods, among them the burn analysis, index value simulation anddaily simulation. For that purpose we develop a daily precipitation model. Moreover, a decorrelationanalysis is...

Spätestens seit Erscheinen des viel zitierten Buches „Investment under Uncertainty“ von Dixitund Pindyck (1994) erfährt die neue Investitionstheorie (synonym: Realoptionstheorie) großeAufmerksamkeit. Neben theoretischen Weiterentwicklungen und Verfeinerungen wird dieRealoptionstheorie in...

Die vorliegende Arbeit behandelt geeignete Indikatoren zur Quantifizierung von Marktrisiken auf einem von Krisen und Deregulierung geprägten Agrarmarkt.

In diesem Beitrag wird eine Niederschlagsoption unter Anwendung der Burn-Analysis, der Index-Value-Simulation und der Daily-Simulation bewertet. Dazu wird auf der Grundlage empirischer Wetterdaten aus Deutschland (Niederschlagsmengen aus Brandenburg) ein Tagesniederschlagsmodell entwickelt....

After an extended process of reform the European Union has introduced direct payments tofarmers which are decoupled from production decisions as a central element of its CommonAgricultural Policy. They are also referred to as Single Farm Payments. In this paper weanalyze the production and trade...

This paper has benefited greatly from a discussion of an earlier version with the participantsof the first Humboldt Forum for Food and Agriculture in Davos, Switzerland in March 2009.Research has been made possible in part by a research grant from BASF SE – The ChemicalCompany. The first two...

This study focused on Sudanese women working in food and beverages business in urbanmarkets of Khartoum State. It aimed at identifying the reasons behind women’s work,the constraining and enhancing factors that affect their performance as entrepreneurs,beside their attitude and strategies in...

In the paper it is inquired how Sudanese women use the financial institutions in order toorganise their lives between market, household, and the community. The results arebased on interviews and observations done in two villages in the surroundings ofOmdurman (Al Gharaza and Sanahir), displaced...