İklim Türevleri ve Fiyatlandırılması

Translated title of the contribution: Weather Derivatives and Their Pricing

Research output: Contribution to journalReview articlepeer-review


Many companies are affected by the weather. Examples include domestic energy supply companies that sell less energy in a warm winter, building companies that lose working days due to rain and electricity companies that sell less electricity in a cool summer because of the reduced demand for air conditioning. Weather derivatives are financial contracts that allow companies to insure themselves against the loses they can incur as a result of such weather fluctuations. The market for weather derivatives was launched in the late 90’s. A number of different types of company act as participants in this market, including energy companies, banks and insurance companies.
Translated title of the contributionWeather Derivatives and Their Pricing
Original languageOther
Pages (from-to)p. 55-66
JournalJournal of Accounting and Finance, Association of Accounting and Finance Academicians (AAFA) Publications
Issue numberNo.27
Publication statusPublished - Jul 2005


  • Weather Derivatives, Pricing Weather Derivatives, Derivative Securities


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