Chaumont, Sébastien; Imkeller, Peter; Müller, Matthias; … - In: Vierteljahrshefte zur Wirtschaftsforschung 74 (2005) 2, pp. 175-195
leading to incomplete markets. To make such risk tradable, we use a market model in which a climate index provides an extra … agents. By simulating their optimal investment into the climate index we obtain first insight into the dynamics of the market. …