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	Provedor de dados AgEcon (1) Autor Fleming, Euan M. (1) Villano, Renato A. (1) Williamson, Brendon (1) Palavra-chave Environmental Economics and Policy (1) Financial Economics (1) Options (1) Research Methods/ Statistical Methods (1) Resource /Energy Economics and Policy (1) Skewness-and-kurtosis-amended Black-Scholes model (1) Water (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Structuring Exotic Options Contracts on Water to Improve the Efficiency of Resource Allocation in the Water Spot Market AgEcon Williamson, Brendon; Villano, Renato A.; Fleming, Euan M.. With the current drought in South-Eastern Australia highlighting the scarcity and value of inland Australia’s water resources, focus turns to how these resources can be allocated more efficiently. The first major step was taken almost a decade ago with the separation of land and water property rights allowing openly traded water markets. This study assesses the potential economic benefits that options contracts bring to the water market in the Murray Valley water market. Exotic call options are estimated using both Black-Scholes and skewness-and-kurtosis-amended Black-Scholes financial option pricing methods that are based on three years of data on water prices. While the presence of options would result in significant economic benefits in the more... Tipo: Conference Paper or Presentation Palavras-chave: Options; Skewness-and-kurtosis-amended Black-Scholes model; Water; Environmental Economics and Policy; Financial Economics; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy. Ano: 2008 URL: http://purl.umn.edu/5992 Registros recuperados: 1 Primeira ... 1 ... Última

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