Showing 1 - 10 of 34
Persistent link: https://www.econbiz.de/10011797988
Persistent link: https://www.econbiz.de/10011459313
In usual pricing approaches for weather derivatives, forward-looking information such as meteorological weather forecasts is not considered. Thus, important knowledge used by market participants is ignored in theory. By extending a standard model for the daily temperature, this paper allows the...
Persistent link: https://www.econbiz.de/10008663382
Persistent link: https://www.econbiz.de/10010245538
Forecasting temperature in time and space is an important precondition for both the design of weather derivatives and the assessment of the hedging effectiveness of index based weather insurance. In this article, we show how this task can be accomplished by means of Kriging techniques. Moreover,...
Persistent link: https://www.econbiz.de/10010251600
Persistent link: https://www.econbiz.de/10010396231
Persistent link: https://www.econbiz.de/10009413613
Many business people such as farmers and financial investors are affected by indirect losses caused by scarce or abundant rainfall. Because of the high potential of insuring rainfall risk, the Chicago Mercantile Exchange (CME) began trading rainfall derivatives in 2011. Compared to temperature...
Persistent link: https://www.econbiz.de/10009684677
Persistent link: https://www.econbiz.de/10013369921
Persistent link: https://www.econbiz.de/10014436783