Efficient Monopolies: The Limits of Competition in the European Property Insurance Market

ISBN-13: 9780199268818 / Angielski / Twarda / 2004 / 176 str.

Thomas Von Ungern-Sternberg; Thomas Von Ungern-Sternberg

Opis

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.

Recenzje

This book presents a novel and provocative analysis of how things can go wrong in insurance markets. It deserves to be widely read, and seriously debated.

O autorze

Thomas von Ungern-Sternberg is Professor of Economics at the University of Lausanne.