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- Title
Vremenski svop kao instrument za upravljanje vremenskim rizicima u proizvodnji pšenice.
- Authors
Marković, Todor; Jovanović, Milenko; Ivanović, Sanjin
- Abstract
A special type of weather derivatives are weather forwards and they exists mostly in the form of weather swaps. Hedging effectiveness in wheat production with and without weather swap was analysed in this paper using stochastic dominance. The results show that the effect of risk reduction is significant using weather swap, but geographical- basis risk and production-related basis risk are important factor that reduce the utility of weather derivatives.
- Subjects
AGRICULTURAL productivity; WHEAT; WEATHER derivatives; STOCHASTIC dominance; ENVIRONMENTAL risk assessment; STANDARD deviations
- Publication
Field & Vegetable Crops Research / Ratarstvo i povrtarstvo, 2012, Vol 49, Issue 1, p1
- ISSN
1821-3944
- Publication type
Article
- DOI
10.5937/ratpov49-1129