Some Current Insurance Markets Are Troubled by the Presence of Systematic Risk Or by the Inability of the Parties to …". We Compare the Performance of Alternative Vehicles for Risk Sharing Under These Circumstances. Specifically, We Show That … Mutals Appear to Outperform Stock Insurance Companies When There Is Undiversifiable Risk. These Results Represent an …

Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk …. However, They Did Not Cover Extensively the Case of Capital Risk Without Perfect Markets. in This Note We Provide Necessary … and Sufficient Conditions for Signing the Response of Consumption to a Global Increase in Capital Risk. …