Purpose – The purpose of this paper is to model and to value a temperature derivative to hedge late frost risk in viticulture. Design/methodology/approach – Starting from 11 years of historical temperature data collected in Mendoza, Argentina, the authors reconstruct the missing data using...

Purpose – The purpose of this paper is to model and to value a temperature derivative to hedge late frost risk in viticulture. Design/methodology/approach – Starting from 11 years of historical temperature data collected in Mendoza, Argentina, the authors reconstruct the missing data using...