Härdle, Wolfgang; Cabrera, Brenda López - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009
that can increase the precision of measuring weather risk. We have applied continous autoregressive models (CAR) with … used to price and hedge weather future/options in the market. We propose to study the market price of risk, not only as a … price of weather risk is dierent from zero and shows a seasonal structure. With the extract information we price other …