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Stochastic Weather Generators (SWGs) try to replicate the stochastic patterns of climatological variables characterized …, conventional SWGs usually typify weather variables with not always justified probability distributions assuming linear dependence … replication of stochastic weather patterns. The semiparametric copula-based SWG introduces more exibility allowing researcher to …
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Investments in climate-change adaptation will have to be made while the extent of climate change is uncertain. However, some important sources of uncertainty will fall over time as more climate data become available. This paper investigates the effect on optimal investment decision-making of...
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an unusual weather pattern depend crucially on actuarial models for determining event (e.g., default) probabilities. In …
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