3- and Their Relative Impact on Risk We Proposed a Methodology to Analyse the 'Risk Factor' Involved in Those Choices …'s Article Is That We Focussed Our Analysis on Isolating the Risk Factor by Controlling for the Other Factors While Chang and …-Protection and Market Insurance As Chosen by a Risk Averse Individual. …

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 …