Rainfall option impact on profits of the hospitality industry through scenario correlation and copulas
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DOI: 10.1007/s10479-019-03442-5
Abstract: This work introduces and empirically tests an option contract designed to manage rainfall risk of hospitality firms. It contributes to the literature on weather derivatives in tourism. We deal with a rainfall option designed to… read more here.
Keywords: option; hospitality industry; rainfall option; scenario correlation ... See more keywords