Zong, Lu; Ender, Manuela - In: International Journal of Financial Studies : open … 4 (2016) 3, pp. 1-17
In this paper, a new form of weather derivative contract, namely the climatic zone-based growth degree-day (GDD) contract, is introduced. The objective is to increase the risk management efficiency in the agricultural sector of China and to reduce the model dimension of multi-regional...