Modeling drought option contracts (Q1954356): Difference between revisions
From MaRDI portal
Created a new Item |
Created claim: Wikidata QID (P12): Q58690023, #quickstatements; #temporary_batch_1705791795597 |
||
| Property / Wikidata QID | |||
| Property / Wikidata QID: Q58690023 / rank | |||
Normal rank | |||
Revision as of 00:07, 21 January 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Modeling drought option contracts |
scientific article |
Statements
Modeling drought option contracts (English)
0 references
11 June 2013
0 references
Summary: We introduce a new financial weather derivative-a drought option contract-designed to protect agricultural producers from potential income loss due to agricultural drought. The contract is based on an index that reflects the severity of drought over a long period. By modeling temperature and precipitation, we price a hypothetical drought contract based on data from the Jinan climate station located in a dry region of China.
0 references
