Optimal Inter-Period Weighting of Cumulative Indices for Weather-Based Contingent Claims

Jianqiang Hao, Jason G. Hartell and Jerry R. Skees

No 19926, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Weather-based contingent claims typically rely on a cumulative index of the weather variable. Frequently, the index is weighted to reflect the importance of timing in a weather-production relationship. This article reviews alternative optimization methods and apply criteria for selecting among them to obtain an optimal and robust distribution of weights.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 24
Date: 2004
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:19926

DOI: 10.22004/ag.econ.19926

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