TY - BOOK ID - 30856275 TI - Modeling and pricing in financial markets for weather derivatives AU - Benth, Fred Espen AU - Saltyte Benth, Jurate PY - 2013 SN - 1283850788 9814401854 9789814401852 9781283850780 9814401846 9789814401845 PB - Singapore New Jersey World Scientific DB - UniCat KW - Stocks KW - Weather derivatives. KW - Prices. KW - Stock prices KW - Derivative securities KW - Stockholder wealth KW - Weather derivatives KW - Prices KW - E-books KW - Actions (Titres de société) KW - Prix UR - https://www.unicat.be/uniCat?func=search&query=sysid:30856275 AB - Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania.The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts. ER -