Competition Effects of Price Liberalization in Insurance
Pedro Barros ()
Journal of Industrial Economics, 1996, vol. 44, issue 3, 267-87
Insurance services have a prominent role in modern societies. Empirical evaluation of market interactions in insurance is, however, scarce. To fill this gap, two models are proposed. Each captures the main features of either regulated or deregulated markets. Three levels of decisions (reinsurance, sales effort, and prices) generate testable predictions on firm behavior with respect to sales effort choices. Recent evolution of the Portuguese market provides a natural data set for application. Estimation before and after price deregulation reveals a noticeable change in behavior. Coordination has characterized the interaction under price regulation. Competition between firms has increased after deregulation. Copyright 1996 by Blackwell Publishing Ltd.
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
http://links.jstor.org/sici?sici=0022-1821%2819960 ... 0.CO%3B2-H&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:bla:jindec:v:44:y:1996:i:3:p:267-87
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-1821
Access Statistics for this article
Journal of Industrial Economics is currently edited by Pierre Regibeau, Yeon-Koo Che, Kenneth Corts, Thomas Hubbard, Patrick Legros and Frank Verboven
More articles in Journal of Industrial Economics from Wiley Blackwell
Series data maintained by Wiley-Blackwell Digital Licensing ().