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dc.contributor.authorHolemans, Nadine
dc.contributor.authorStyger, Paul
dc.contributor.authorVan Vuuren, Gary Wayne
dc.identifier.citationHolemans, N. et al. 2011. Pricing weather derivatives for the chardonnay cultivar in Wellington using a credit default SWAP methodology. Agrekon, 50(4):25-44. []en_US
dc.identifier.issn2078-0400 (Online)
dc.descriptionOfficial publication of the Agricultural Economics Association of South Africa (ARASA)en_US
dc.description.abstractMost South African farmers employ standard insurance to protect crops from natural disasters such as hail or strong winds, but no insurance contracts exist to compensate for rain damage (although floods are covered), or for temperature damage to relevant crops. Weather derivatives do exist, but are mostly available in foreign markets and used chiefly by energy companies. Some South African over-the-counter weather derivatives are available, but trading is rare. This paper establishes a pricing equation for weather derivatives specifically for use in the South African market. The methodology employed borrows heavily from the techniques used to price credit default swaps.en_US
dc.publisherUnisa/Taylor & Francisen_US
dc.subjectWeather derivativesen_US
dc.subjectSouth Africaen_US
dc.subjectprobability of eventsen_US
dc.subjectloss given event JEL classification: C15, C39, C53, C68en_US
dc.titlePricing weather derivatives for the chardonnay cultivar in Wellington using a credit default SWAP methodologyen_US
dc.contributor.researchID10061231 - Styger, Paul
dc.contributor.researchID12001333 - Van Vuuren, Gary Wayne

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