weather hedging through financial instruments in agriculture. However, although advocated by many, India is yet to explore the …Weather-based financial instruments have gained huge popularity in the recent past for hedging weather or climate … exposed to weather fluctuations. This paper aims to assess the efficiency of temperature derivative at micro level from the …

Weather derivatives are contingent claims with payoff based on a pre-specified weather index. Firms exposed to weather … risk can transfer it to financial markets via weather derivatives. We develop a utility-based model for pricing baskets of … weather derivatives under default risk on the issuer side in over-the-counter markets. In our model, agents maximise the …

In this paper, a new form of weather derivative contract, namely the climatic zone-based growth degree-day (GDD … reduce the model dimension of multi-regional temperature-based weather derivatives pricing. Since the proposed contract … serves as a risk management tool for all of the cities in the same climatic zone, we compare the risk hedging power between …