Peer group analysis for introducing weather derivatives for a city

作者：

Highlights：

• In order to introduce weather derivatives for a city, we use a peer group analysis.

• We utilize weather derivative of peer cities that have similar weather.

• We find out that CDD, HDD future and seasonal strips are applicable.

• We propose the method to set the prior settlement price of each weather derivative.

摘要

•In order to introduce weather derivatives for a city, we use a peer group analysis.•We utilize weather derivative of peer cities that have similar weather.•We find out that CDD, HDD future and seasonal strips are applicable.•We propose the method to set the prior settlement price of each weather derivative.

论文关键词：Peer group analysis,Weather derivatives,Pricing model

论文评审过程：Available online 3 May 2013.

论文官网地址：https://doi.org/10.1016/j.eswa.2013.04.033