Switzerland. Private U.S. but not Swiss insurance has a hedging effect for consumers, while both social insurance schemes expose … correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of …

) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …

Under certain conditions the optimal insurance policy will offer full coverage above a deductible, as Arrow and others … have shown long time ago. Interestingly, the same design of insurance policies applies in case of a single loss and ex …-ante moral hazard. However, many insurance policies provide coverage against a variety of losses and the possibilities for the …

the values of the four proposed indices, both within a given canton and within Switzerland as a whole. The paper concludes …

We estimate monetary policy rules in Switzerland for 1981-1997. In addition to an inflation gap, we find that forward …

using a new firm-level dataset for Switzerland showed, however, that for 60 percent of the firms, the apprenticeship …

The purpose of this paper is to analyze the optimal scale of local jurisdictions (cantons) in Switzerland applying Data …