A market for weather risk ? Worlds in conflict and compromising
Rainelli, Hélène; Huault, Isabelle (2008-07), A market for weather risk ? Worlds in conflict and compromising, AFFI (Association Française de Finance), 2008-12, Paris, France
TypeCommunication / Conférence
Conference titleAFFI (Association Française de Finance)
MetadataShow full item record
Abstract (EN)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.
Subjects / KeywordsSocial studies of finance; Weather risk; OTC market
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