Options on temporary water allocation rights and their pricing

This paper presents a methodology for defining the spot price of temporary water allocation rights for trading zones within the water market in the southern Murray–Darling Basin situated in Australia. The historical spot price is then used to calibrate a stochastic process depicting the dynamics of...

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Veröffentlicht in:	The Australian journal of agricultural and resource economics 2024-04, Vol.68 (2), p.335-348
Hauptverfasser:	Lee, Geoff, Dong, Wenfeng, Zhu, Zili
Format:	Artikel
Sprache:	eng
Schlagworte:	Farming Murray–Darling Basin option pricing options on water Prices Put & call options Risk management Rural communities Securities prices Stochastic models Stochastic processes Stochasticity Trading Water allocation Water management Water markets Water resources Water resources management water rights
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