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	Provedor de dados AgEcon (1) Autor Manfredo, Mark R. (1) Richards, Timothy J. (1) Sanders, Dwight R. (1) Palavra-chave Derivative (1) Monte Carlo (1) Pricing (1) Risk and Uncertainty (1) Risk weather (1) Tipo do documento Conference Paper or Presentation (1) Ano 2003 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última PRICING WEATHER DERIVATIVES FOR AGRICULTURAL RISK MANAGEMENT AgEcon Richards, Timothy J.; Manfredo, Mark R.; Sanders, Dwight R.. Existing derivative pricing methods cannot be used to price weather derivatives due to the absence of a hedgeable commodity underlying weather risk and the complexity of weather processes. This study develops a pricing model that considers weather derivatives to be the same as any other financial asset. In this way, the price of a weather derivative is an equilibrium price consistent with both the potential payout at expiry and the market price of risk. We apply this model to the pricing of weather derivatives in the Central Valley of California and find significant differences in prices obtained under alternative weather process assumptions. Tipo: Conference Paper or Presentation Palavras-chave: Derivative; Monte Carlo; Pricing; Risk weather; Risk and Uncertainty. Ano: 2003 URL: http://purl.umn.edu/18979 Registros recuperados: 1 Primeira ... 1 ... Última

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