Based on the economic theory of clubs the paper develops criteria for an efficient organizational structure of social insurance. It is shown, how certain club interdependencies between members of a social insurance branch limit the scope for a competitive organizational structure. Nevertheless,...

The contingent valuation method was applied to assess the reduction in quality of life due to chronic bronchitis within an incidence framework. Interviewees - a sample of the general population - expressed their willingness-to-pay to reduce their risk of contracting the disease. Health was...

Dans cet article, nous tentons de mesurer le niveau de concurrence dans le secteur bancaire suisse à l'aide du modèle de PANZAR et ROSSE. Selon nos estimations, les hypothèses de monopole et de concurrence parfaite peuvent être rejetées pour la période 1987-1994, au profit de l'hypothèse...

This study describes the principal provisions in the Federal Deposit Insurance Corporation Improvement Act of 1991. The study then empirically investigates the impact of this statute on bank and savings and loan failures. The empirical findings indicate that, because of the changes brought about...

A common assumption in the literature on the double marginalization problem is that the retailer can set his mark-up only in the second stage of the game after the producer has moved. To the extent that the sequence of moves is designed to reflect the relative bargaining power of the two parties...

Using a principal component analysis we investigate the dynamic relations within the term structure of volatilities implied in options on the Swiss Market Index (SMI). It is shown that approximately 99% of the over-all variation of the term structure can be explained by three independent state...

None

The proportion of Swiss households that own their home has always been in the vicinity of 30 percent, the lowest proportion in the OECD. Clearly the existing, essentially federal, policy for promoting home ownership has not been very aggressive. A survey allows us to understand what households...

Financing social security in Switzerland requires State subsidies for about 22 percent (1996) of total expenditures. The Federal government and the Cantons share this payment in proportion of +2/, respectively -A for six insurances, each time with grant formulas including components of fiscal...

Given the demography what are the additional revenues needed to finance the benefits of the Swiss Old Age and Survivor Insurance? A retrospective from 1948 to 1998 shows that the benefits of this insurance became increasingly difficult to finance in the past. Prospective simulations from 1998 to...