The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis

Lorenz Jedlicka and Adusei Jumah ()
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Lorenz Jedlicka: Department of Economics, BWZ, University of Vienna

No 189, Economics Series from Institute for Advanced Studies

Abstract: There exist a vast number of studies on the banking industry. However, the insurance industry remains relatively unexplored. Increasingly, Austrian insurance institutions are becoming important as financial intermediaries in the domestic market, and – based on proximity advantage – also in the Central and Eastern European markets. This paper applies the structure, conduct and performance (SCP) approach to a sample of 52 Austrian insurance firms. The main finding is that the standard SCP hypothesis of highly concentrated markets, which create incentives to engage in collusive behaviour and which in turn leads to higher industry profit rates, cannot be supported by the Austrian insurance industry leads to higher industry profit rates, cannot be supported by the Austrian insurance industry.

Keywords: Insurance industry; Market structure; Conduct and performance; Industrial organisation (search for similar items in EconPapers)
JEL-codes: G22 L1 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2006-05
New Economics Papers: this item is included in nep-com, nep-fin, nep-fmk and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://irihs.ihs.ac.at/id/eprint/1707 First version, 2006 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ihs:ihsesp:189

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