On the Use of Information in Repeated Insurance Markets

Iris Kesternich and Heiner Schumacher

Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems from Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich

Abstract: We analyze the use of information in a repeated oligopolistic insurance market. To sustain collusion, insurance companies might refrain from changing their pricing schedules even if new information about risks becomes available. We therefore provide an explanation for the existence of "unused observables" that is information which

Keywords: repeated games; insurance markets; oligopoly; unused observables (search for similar items in EconPapers)
JEL-codes: G22 L13 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-com, nep-cta, nep-ias and nep-mic
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:trf:wpaper:280

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