Documentation scienceplus.abes.fr version Bêta

À propos de : Indifference Pricing of Weather Derivatives        

AttributsValeurs
type
Is Part Of
Subject
Title
  • Indifference Pricing of Weather Derivatives
has manifestation of work
related by
Author
Abstract
  • Weather derivatives are difficult to price due to the nontradability of weather and the absence of liquid secondary markets for these contracts. We use the concept of indifference pricing to develop a model for calculating the willingness to pay for weather insurance. Compared with other approaches, indifference pricing is less ambitious since it does not attempt to predict a transacted market price. The application of indifference pricing in the case of German crop producers shows that their willingness to pay for weather insurance depends on the production program and varies regionally. This suggests the development of tailored insurance products.
article type
is part of this journal



Alternative Linked Data Documents: ODE     Content Formats:       RDF       ODATA       Microdata