Fuhrer, Jurg; Beniston, Martin; Calanca, Pierluigi; … - 2007
with and without hedging werecompared using the analogy of the value-at-risk measure (VaR), i.e., a quantile …-based measureof risk. A Monte Carlo chain composed of different models was used, with each modelconsisting of functions translating … reduced VaR to a variabledegree under both current and future climatic conditions, with a considerable basis risk due …