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The use of the Black-Scholes Model in the Field of Weather Derivatives.
- Source :
- Procedia Economics & Finance; Oct2012, Vol. 3, p611-616, 6p
- Publication Year :
- 2012
-
Abstract
- Abstract: The Black-Scholes model is a renowned pricing method for European options. Weather derivatives are a financial product at the convergence of the insurance and stock markets that are at the present of a high level of interest. This product can hedge and be a profitable investment at the same time, and can be used on its own or as part of a portfolio. In this paper we wish to analyze if and how the Black-Scholes model applies to Weather derivatives. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 22125671
- Volume :
- 3
- Database :
- Supplemental Index
- Journal :
- Procedia Economics & Finance
- Publication Type :
- Academic Journal
- Accession number :
- 85426132
- Full Text :
- https://doi.org/10.1016/S2212-5671(12)00203-1