Efficient Monopolies: The Limits of Competition in the European Property Insurance Market / Edition 1

by Thomas von Ungern-Sternberg

Overview

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.

Product Details

ISBN-13:	9780199268818
Publisher:	Oxford University Press
Publication date:	05/06/2004
Edition description:	New Edition
Pages:	172
Product dimensions:	8.60(w) x 5.60(h) x 0.70(d)

About the Author

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

Table of Contents

Introduction1. Britain2. Spain3. France4. Switzerland5. GermanyConcluding Remarks