Musshoff, Oliver; Hirschauer, Norbert; Odening, Martin - In: Agricultural Finance Review 68 (2008) 1, pp. 83-97
“weather derivatives”, as hedging instruments for volumetric risks in agriculture. Motivated by the question of how weather … determine farmers’ willingness to pay (demand function) for weather derivative’s farm‐specific risk reduction capacity and the … derivatives should be priced for agricultural firms, this paper describes an extended risk‐programming model which can be used to …