the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of …, and Solar in the case of Switzerland, a country without domestic supplies of fossil fuels. Since shocks in generation … costs are found to be correlated, Seemingly Unrelated Regression Estimation (SURE) is used to filter out the systematic …

Switzerland and the United States. Expected returns are given by the (negative of the) rate of increase of power generation cost … Nuclear, Run of river, Storage hydro and Solar in the case of Switzerland, and Coal, Nuclear, Gas, Oil, and Wind in the case … estimation (SURE) method is applied for filtering out the systematic component of the covariance matrix of the cost changes …

Switzerland. Private U.S. but not Swiss insurance has a hedging effect for consumers, while both social insurance schemes expose …

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is … between the two poles, Switzerland provides unique evidence about the relative merits of competing hypotheses. It tips the … (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral …