An Internet-Based Tool for Weather Risk Management
AbstractThis paper introduces a web-based computer program designed to evaluate weather risk man-agement and weather insurance in the United States. The paper outlines the economics of weather risk in terms of agricultural production and household well-being; defines weather risk in terms of intensity, duration, and frequency; and illustrates the computer program use by comparing heat and precipitation risks at Ardmore, Oklahoma, and Ithaca, New York.
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Bibliographic InfoArticle provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.
Volume (Year): 37 (2008)
Issue (Month): 1 (April)
weather insurance; heat insurance; precipitation insurance; crop insurance; weather derivatives; Risk and Uncertainty;
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