Cortina, Elsa; Sánchez, Ignacio - In: Agricultural Finance Review 73 (2013) April, pp. 136-160
Purpose – The purpose of this paper is to model and to value a temperature derivative to hedge late frost risk in … viticulture. Design/methodology/approach – Starting from 11 years of historical temperature data collected in Mendoza, Argentina … temperatures, and hypothesis tests of univariate and bivariate normality are performed on deseasonalized and filtered temperature …