INSURING HEAT RELATED RISKS IN AGRICULTURE WITH DEGREE-DAY WEATHER DERIVATIVES

Calum G. Turvey

No 19896, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper presents a model and framework for pricing degree-day weather derivatives when the weather variable is a non-traded asset. The paper compares the options prices from the recommended model and compares it to a typical insurance-type model.

Keywords: Risk and Uncertainty (search for similar items in EconPapers)
Date: 2002
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