The Impact of Price Controls on Mandatory Automobile Insurance Markets

Jason Strauss

MPRA Paper from University Library of Munich, Germany

Abstract: This is a theoretical paper that models a mandatory automobile insurance market using a partial equilibrium concept where automobile insurance is one good and a composite good represents all others. Price controls, heterogeneous service, administrative, and adjusting costs, as well as capital reserves and capital costs are all included in this simple model.

Keywords: insurance; insurance markets (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2006-12-31
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11016

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