scholarly journals An Internet-Based Tool for Weather Risk Management

2008 ◽  
Vol 37 (1) ◽  
pp. 63-78 ◽  
Author(s):  
Calum G. Turvey ◽  
Michael Norton

This paper introduces a web-based computer program designed to evaluate weather risk management and weather insurance in the United States. The paper outlines the economics of weather risk in terms of agricultural production and household well-being; defines weather risk in terms of intensity, duration, and frequency; and illustrates the computer program use by comparing heat and precipitation risks at Ardmore, Oklahoma, and Ithaca, New York.

2002 ◽  
Vol 83 (8) ◽  
pp. 1193-1198 ◽  
Author(s):  
Richard J. Murnane ◽  
Michael Crowe ◽  
Allan Eustis ◽  
Susan Howard ◽  
Judy Koepsell ◽  
...  

1997 ◽  
Vol 21 (4) ◽  
pp. 521-558
Author(s):  
Robert E. Wright

The story usually goes something like this: Colonial Americans lived in a world very different from that of the generation that fought the Civil War. Locals wielded the tools of government most of the time; rarely did distant officials attempt control, and when they did they were usually roundly rebuffed. Politicians “stood” for positions of honor rather than “running” for lucrative posts. A man’s surname was a crucial determinant of his socioeconomic well-being. Artisans and yeomen deferred to gentlemen. Barter predominated as little “cash” circulated. Custom and family, not market forces, dictated the allocation of credit. Change of all types occurred slowly. By Martin Van Buren’s presidency some threescore years later, America was a very different place. Though still evolving, the United States exuded modernity, at least in its general outlines. Politicians and bureaucrats in state capitals, and even Washington, increasingly affected Americans’ everyday lives. Party politics and patronage took on increased importance as plutocrats plied for patronage posts. A man’s bank account meant more than his lineage. Gentlemen feared the artisans and yeomen they once easily ruled. Cash was abundant, and the market determined most access to credit. Societal conditions changed apace. Generally speaking, over these decades America is described as becoming less “aristocratic” and “mercantile,” or even “feudal,” and more “democratic” and “capitalist.”


2020 ◽  
Vol 39 (7) ◽  
pp. 561-570
Author(s):  
Edward D. Sturman

Introduction: As the novel coronavirus rapidly spreads around the world it will become increasingly important to understand its psychological impacts on the larger population. Few studies have been conducted in this regard, which is unsurprising considering the sudden emergence of the disease. Methods: The present study looked at mood (anxiety and depression), stress, resilience, grit, perceived control, happiness, and satisfaction with life in two samples hailing from small towns in upstate New York. These outcomes were assessed at two time points: pre-coronavirus (November/December 2019) and peak-coronavirus (mid-April 2020). Results: Contrary to expectations, the results indicated no significant differences on any of the variables between the pre-coronavirus sample and the peak-coronavirus sample. Discussion: The results suggested that people, at least in this region of the United States and more broadly in smaller towns, may be psychologically coping with the pandemic to a better degree than might be expected. This finding may be useful to policy makers and health care workers.


Energies ◽  
2020 ◽  
Vol 13 (4) ◽  
pp. 945
Author(s):  
Monika Wieczorek-Kosmala

The energy sector is perceived as one of the most exposed sectors to the consequences of weather risk both directly (damages of its infrastructure) and indirectly (frictions to the energy supply–demand balance). The main aim of this paper is to provide an insight into the impact of weather risk on economic activity of companies operating in the energy sector in Poland. The empirical objective is to examine whether energy companies: (i) identify their relevant weather risk exposures; (ii) evaluate the impact of weather risk in the cost-revenues dimension; and (iii) implement weather risk management tools, in this case—weather derivatives. In a methodical context, this study relies on a unique research approach and derives from works that examine companies’ risk disclosures in annual reports, by applying textual content analysis. The results indicate that Polish energy companies recognize the impact of weather risk on their performance, also in the cost-revenues dimension. However, although the reported weather risk management methods were diversified, the examined companies did not use weather derivatives to hedge their weather risk exposures. In the overall dimension, the companies leading with the perception and management of weather risk were diversified regarding performance and market size.


2005 ◽  
Vol 8 (1) ◽  
pp. 127-140 ◽  
Author(s):  
Patrick L. Brockett ◽  
Mulong Wang ◽  
Chuanhou Yang

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