Efficient Monopolies
The Limits of Competition in the European Property Insurance Market
ISBN13: 9780199268818ISBN10: 0199268819
Hardback,
176 pages
Apr 2004,
In Stock
Price:
$115.00 (06)Description
This book presents startling evidence that state monopolies can produce better outcomes than the free market. It provides an empirical comparison of the property insurance market in five European countries: Britain, Spain, France, Switzerland, and Germany. The market and cost structures of insurers in each country are described, and particular features of each market and the outcomes for customers examined. The regulatory frameworks vary widely from country to country and so do the market outcomes, both in terms of premium level and in terms of available insurance cover.Features
- Comparative study of the regulatory frameworks and the outcomes for customers of these in each country.
- Challenges orthodox thinking about the role of state regulation within markets.
- Detailed empirical survey of the property insurance market in Britain, Spain, France, Switzerland, and Germany.
About the Author(s)
Thomas von Ungern-Sternberg is Professor of Economics at the University of Lausanne.
