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Post by Sapphire Capital on Jan 5, 2009 22:16:12 GMT 4
A Market for Weather Risk? Worlds in Conflicts and Compromising Isabelle Huault Université Paris IX Dauphine Hélène Rainelli affiliation not provided to SSRN October 10, 2008 AFFI/EUROFIDAI, Paris December 2008 Finance International Meeting AFFI - EUROFIDAI Abstract: In this paper we study the development of the market for weather derivatives in Europe. We show that weather derivatives conceived as financial products by their promoters have difficulties finding end-users. We describe the attempts of market promoters using a framework drawn from economic sociology, namely the theory provided by Boltanski and Thevenot's Economy of Worth. We derive some conclusions about the potential future of the market. papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1282089_code254274.pdf?abstractid=1282089&mirid=1
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