Simmons, Phil; Edwards, Miriam; Byrnes, Joel - 2007
A theoretical optimal hedging model is developed to determine potential demand from Australianfarmers for a hedging … have been developed to hedge price risk on capitalmarkets; however, in more recent times new financial instruments, weather … derivatives, have beendeveloping that hedge the volumetric risk associated with unfavourable weather. Weatherderivatives have the …