Turvey, Calum G.; Weersink, Alfons; Chiang, Szu-Hsuan Celia - In: American Journal of Agricultural Economics 88 (2006) 3, pp. 696-709
Weather insurance within the agricultural sector has been limited by the difficulty in defining the appropriate weather event and in pricing the product. We develop a new pricing method for weather insurance under situations where returns depend not only on the occurrence of the weather event,...
