Switzerland. Private U.S. but not Swiss insurance has a hedging effect for consumers, while both social insurance schemes expose …This contribution starts out by noting a conflict of interest between consumers and insurers. Consumers face positive … consumers to excess asset volatility. In the insurance systems of both countries, the private component fails to offset …

electricity markets. -- efficiency frontier ; energy ; electricity ; portfolio theory ; Seemingly Unrelated Regression Estimation …This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for … the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of …