Competition, Market Structure and Market Power in the Insurance Industry in Lesotho

H M Bello, M Sepiriti and E M Letete

The IUP Journal of Financial Economics, 2009, vol. VII, issue 1, 7-21

Abstract: The study analyzes the degree of competition, market structure and market power in the insurance industry in Lesotho. Data used for the study was collected from the existing insurance firms in Lesotho between 2000 and 2005. Trends of fluctuations were studied for this period. The entropy index was computed and used along with the actual number of firms and agents that existed in the industry, to determine the concentration levels and the degree of competition. The results reveal that the market is found to be oligopolistic in which there is existence of market power with some firms in the industry.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjfe:v:07:y:2009:i:1:p:7-21

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