Weather Derivatives Modeling and Pricing Weather-Related Risk
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such...
| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
New York, NY
Springer New York
2013, 2013
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| Edition: | 1st ed. 2013 |
| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- The weather derivatives market
- Introduction to Stochastic Calculus
- Handling the data
- Pricing approaches of temperature
- Modeling the daily average temperature
- Pricing temperature derivatives
- The use of meteorological forecasts
- The effects of the geographical and basis risk
- Pricing the power of the wind a. Introduction to wind derivatives
- Precipitation Derivatives a. Introduction
- Rainfall Derivatives
- Snow Derivatives
- Appendix A
- Appendix B
- Index
- References