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| Simmons, Phil; Edwards, Miriam; Byrnes, Joel. |
| A theoretical optimal hedging model is developed to determine potential demand from Australian farmers for a hedging tool to remove the economic consequences of climate related variability in wheat yield. In the past, financial instruments have been developed to hedge price risk on capital markets; however, in more recent times new financial instruments, weather derivatives, have been developing that hedge the volumetric risk associated with unfavourable weather. Weather derivatives have the ability to effectively hedge weather related volume risk for the agricultural, mining, energy and manufacturing industries, while also providing a risk management tool for construction firms and special events organisers, although there are still many hurdles to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Weather derivatives; Risk; Hedging; Wheat; Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/9262 |
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| Byrnes, Joel; Crase, Lin; Dollery, Brian. |
| The Australian National Water Initiative (NWI) builds on the foundations of earlier water reforms, attempts to correct earlier errors in both policy and its implementation, and seeks to better define some of the policy aims with the benefit of hindsight. However, despite the deliberate effort to improve on earlier reforms, the NWI still embodies a significant economic paradox. Although policymakers have shown their faith in the market insofar as allocating water between competing agricultural interests is concerned, they have not shown the same degree of faith in the ability of urban users to respond to price signals. This paper attempts to shed at least some light on this question by examining the responses of a number of State governments across... |
| Tipo: Journal Article |
Palavras-chave: Water reform; Urban water; Water market; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116964 |
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