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dc.contributor.authorHuault, Isabelle
dc.contributor.authorRainelli, Hélène
HAL ID: 177512
dc.date.accessioned2012-03-28T14:02:36Z
dc.date.available2012-03-28T14:02:36Z
dc.date.issued2010
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/8602
dc.language.isoenen
dc.subjectsocial studies of financeen
dc.subjecteconomies of worthen
dc.subjectcommensurationen
dc.subjectcompromiseen
dc.subject.ddc332en
dc.subject.classificationjelG12en
dc.subject.classificationjelG13en
dc.subject.classificationjelQ54en
dc.subject.classificationjelN24en
dc.titleA Market for Weather Risk ? Conflicting Metrics, Attempts at Compromise and Limits to Commensurationen
dc.typeCommunication / Conférence
dc.description.abstractenIn this paper, we examine the process of risk commodification involved in the creation of a market for weather derivatives in Europe. We approach this issue through an in-depth qualitative study in which we focus on the commensuration process by which promoters try to draw weather risk into the financial world. By offering a concrete description of a derivatives market as a meeting place between different metrics, our results highlight the failure of a process of commensuration - a phenomenon rarely studied empirically in the literature - and its unexpected results. Compared to existing research, we use the theoretical framework provided by Boltanski and Thévenot (2006) to enrich the literature on commensuration specifically as regards the different forms of agreement to which commensuration attempts can lead. Our results highlight the crucial role of a common interest for commensuration to succeed, and the conditions necessary for this common interest to occur. We conclude that there are limits to the thesis of financial theory, according to which all kinds of risk can be transformed into financial risk, and exchanged on financial markets.en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitleInstitutions justified workshopen
dc.relation.confdate2010-12
dc.relation.confcityVienneen
dc.relation.confcountryAutricheen


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