Modeling Drought Option Contracts
Joint Authors
Pollanen, Marco
Abdella, Kenzu
Zhu, Jielin
Cater, Bruce
Source
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-04-11
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
We introduce a new financial weather derivative—a drought option contract—designed to protect agricultural producers from potential income loss due to agricultural drought.
The contract is based on an index that reflects the severity of drought over a long period.
By modeling temperature and precipitation, we price a hypothetical drought contract based on data from the Jinan climate station located in a dry region of China.
American Psychological Association (APA)
Zhu, Jielin& Pollanen, Marco& Abdella, Kenzu& Cater, Bruce. 2012. Modeling Drought Option Contracts. ISRN Applied Mathematics،Vol. 2012, no. 2012, pp.1-16.
https://search.emarefa.net/detail/BIM-457538
Modern Language Association (MLA)
Zhu, Jielin…[et al.]. Modeling Drought Option Contracts. ISRN Applied Mathematics No. 2012 (2012), pp.1-16.
https://search.emarefa.net/detail/BIM-457538
American Medical Association (AMA)
Zhu, Jielin& Pollanen, Marco& Abdella, Kenzu& Cater, Bruce. Modeling Drought Option Contracts. ISRN Applied Mathematics. 2012. Vol. 2012, no. 2012, pp.1-16.
https://search.emarefa.net/detail/BIM-457538
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-457538
