Kithung'a P. Nzuki Consumer Behaviour,.
Asynchronous Content Development Workshop,Kenya Wildlife Service Training Institute, Naivasha, Kenya,31st March 2004. , Nairobi: University of Nairobi Abstract
We are interested in pricing rainfall options written on precipitation at specific locations. We assume the existence of a tradeable financial instrument in the market whose price process is affected by the quantity of rainfall. We then construct a suitable