Pricing weather derivatives under a tri-variate stochastic model
Weather derivatives are used to protect farmers in sub-Saharan Africa (SSA) from yield loss caused by climate change. However, mispricing these contracts poses a significant risk due to the interconnected nature and combined impact of the principal climate determinants of maize yield, including rain...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-09-01
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| Series: | Scientific African |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2468227623002247 |