Quality, self-regulation, and competition: the case of insurance
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Zweifel, Peter & Eichenberger, Reiner, 1992. "The Political Economy of Corporatism in Medicine: Self-Regulation or Cartel Management?," Journal of Regulatory Economics, Springer, vol. 4(1), pages 89-108, March.
- Stiglitz, Joseph E., 1989. "Imperfect information in the product market," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 13, pages 769-847, Elsevier.
- Mayer, Colin & Neven, Damien J, 1990. "European Financial Integration: A Framework for Policy Analysis," CEPR Discussion Papers 429, C.E.P.R. Discussion Papers.
- Bond, Eric W. & Crocker, Keith J., 1997.
"Hardball and the soft touch: The economics of optimal insurance contracts with costly state verification and endogenous monitoring costs,"
Journal of Public Economics, Elsevier, vol. 63(2), pages 239-264, January.
- Bond, E.W. & Crocker, K.J., 1993. "Hardball and the Soft Touch: The Economics of Optimal Insurance Contracts with Costly State Verification and Endogenous Monitoring Costs," Papers 10-93-1b, Pennsylvania State - Department of Economics.
- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
- Jewitt, Ian, 1988. "Justifying the First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 56(5), pages 1177-1190, September.
- Farrell, Joseph & Maskin, Eric, 1989.
"Renegotiation in repeated games,"
Games and Economic Behavior, Elsevier, vol. 1(4), pages 327-360, December.
- Farrell, Joseph & Maskin, Eric, 1987. "Renegotiation in Repeated Games," Department of Economics, Working Paper Series qt9wv3h5jb, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Joseph Farrell and Eric Maskin., 1987. "Renegotiation in Repeated Games," Economics Working Papers 8759, University of California at Berkeley.
- Stanley Baiman & Joel S. Demski, 1980. "Variance Analysis Procedures as Motivational Devices," Management Science, INFORMS, vol. 26(8), pages 840-848, August.
- Mark Pauly & Howard Kunreuther & Paul Kleindorfer, 1986. "Regulation and Quality Competition in the US Insurance Industry," Palgrave Macmillan Books, in: Jörg Finsinger & Mark V. Pauly (ed.), The Economics of Insurance Regulation, chapter 3, pages 65-107, Palgrave Macmillan.
- Carl Shapiro, 1982. "Consumer Information, Product Quality, and Seller Reputation," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 20-35, Spring.
- M B Adams & G D Tower, 1994. "Theories of Regulation: Some Reflections on the Statutory Supervision of Insurance Companies in Anglo-American Countries," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 19(2), pages 156-177, April.
- Baiman, S & Demski, Js, 1980. "Economically Optimal Performance Evaluation And Control-Systems," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 18, pages 184-220.
- Picard, Pierre, 1996.
"Auditing claims in the insurance market with fraud: The credibility issue,"
Journal of Public Economics, Elsevier, vol. 63(1), pages 27-56, December.
- Picard, Pierre, 1994. "Auditing claims in insurance market with fraud : the credibility issue," CEPREMAP Working Papers (Couverture Orange) 9420, CEPREMAP.
- Per-Olof Bjuggren & Dan Magnusson & Carl Martin Roos, 1994. "Should a Regulatory Body Control Insurance Policies Ex Ante or Is Ex Post Control More Effective?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 19(1), pages 37-45, January.
- Steven Shavell, 1979. "On Moral Hazard and Insurance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(4), pages 541-562.
- Jean Tirole, 1996.
"A Theory of Collective Reputations (with applications to the persistence of corruption and to firm quality),"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(1), pages 1-22.
- Tirole, J., 1993. "A Theory of Collective Reputations with Applications to the Persistence of Corruption and to Firm Quality," Working papers 93-13, Massachusetts Institute of Technology (MIT), Department of Economics.
- Tirole, Jean, 1994. ""A Theory of Collective Reputations" with Applications to the Persistence of Corruption and to Firm Quality," IDEI Working Papers 38, Institut d'Économie Industrielle (IDEI), Toulouse.
- Carl Shapiro, 1983. "Premiums for High Quality Products as Returns to Reputations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(4), pages 659-679.
- Ronald A. Dye, 1986. "Optimal Monitoring Policies in Agencies," RAND Journal of Economics, The RAND Corporation, vol. 17(3), pages 339-350, Autumn.
- Gehrig, Thomas & Jost, Peter-J, 1995.
"Quacks, Lemons, and Self Regulation: A Welfare Analysis,"
Journal of Regulatory Economics, Springer, vol. 7(3), pages 309-325, May.
- Thomas Gehrig & Peter-J. Jost, 1993. "Quacks, Lemons, and Self-Regulation: A Welfare Analysis," Discussion Papers 1057, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- R. Schmalensee & R. Willig (ed.), 1989.
"Handbook of Industrial Organization,"
Handbook of Industrial Organization,
Elsevier,
edition 1, volume 1, number 1.
- R. Schmalensee & R. Willig (ed.), 1989. "Handbook of Industrial Organization," Handbook of Industrial Organization, Elsevier, edition 1, volume 2, number 2.
- Emons, Winand, 1988. "Warranties, moral hazard, and the lemons problem," Journal of Economic Theory, Elsevier, vol. 46(1), pages 16-33, October.
- Russell Cooper & Thomas W. Ross, 1985.
"Product Warranties and Double Moral Hazard,"
RAND Journal of Economics, The RAND Corporation, vol. 16(1), pages 103-113, Spring.
- Russell Cooper & T.W. Ross, 1984. "Product Warranties and Double Moral Hazard," Cowles Foundation Discussion Papers 716, Cowles Foundation for Research in Economics, Yale University.
- W. Bentley MacLeod, 1987.
"Entry, Sunk Costs, and Market Structure,"
Canadian Journal of Economics, Canadian Economics Association, vol. 20(1), pages 140-151, February.
- Bentley MacLeod, 1986. "Entry, Sunk Costs and Market Structure," Working Paper 649, Economics Department, Queen's University.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Christian Siemering, 2021. "The economics of dishonest insurance companies," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(1), pages 1-20, March.
- I. Venkat Appal Raju & S. Ramasubramanian, 2016. "Risk Diversifying Treaty Between Two Companies with Only One in Insurance Business," Sankhya B: The Indian Journal of Statistics, Springer;Indian Statistical Institute, vol. 78(2), pages 183-214, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Georges Dionne & Scott Harrington, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
- Mukherji, Arijit & Nagarajan, Nandu J., 1995. "Moral hazard and contractibility in investment decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 26(3), pages 413-430, May.
- Damien S Eldridge, 2007.
"A Shirking Theory of Referrals,"
Working Papers
2007.05, School of Economics, La Trobe University.
- Damien S Eldridge, 2007. "A Shirking Theory of Referrals," Working Papers 2007.05, School of Economics, La Trobe University.
- Damien S.Eldridge, 2013. "A shirking theory of referrals," Working Papers 2013.01, School of Economics, La Trobe University.
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107069978, November.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107687899, November.
- Bramley, Cerkia & Kirsten, Johann F., 2007. "Exploring the Economic Rationale for Protecting Geographical Indicators in Agriculture," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(01), pages 1-25, March.
- Kai-Lung Hui & Ping Fan Ke & Yuxi Yao & Wei T. Yue, 2019. "Bilateral Liability-Based Contracts in Information Security Outsourcing," Information Systems Research, INFORMS, vol. 30(2), pages 411-429, June.
- Butler, Jeffrey V. & Carbone, Enrica & Conzo, Pierluigi & Spagnolo, Giancarlo, 2020.
"Past performance and entry in procurement: An experimental investigation,"
Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 179-195.
- Butler, Jeffrey & Carbone, Enrica & Conzo, Pierluigi & Spagnolo, Giancarlo, 2012. "Reputation and Entry," SITE Working Paper Series 21, Stockholm School of Economics, Stockholm Institute of Transition Economics.
- Jeffrey V. Butler & Enrica Carbone & Pierluigi Conzo & Giancarlo Spagnolo, 2012. "Reputation and Entry," EIEF Working Papers Series 1215, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2012.
- Butler, Jeffrey V. & Carbone, Enrica & Conzo, Pierluigi & Spagnolo, Giancarlo, 2013. "Reputation and Entry," Konkurrensverket Working Paper Series in Law and Economics 2013:3, Konkurrensverket (Swedish Competition Authority).
- Spagnolo, Giancarlo & Butler, Jeff & Conzo, Pierluigi & Carbone, Enrica, 2013. "Reputation and Entry in Procurement," CEPR Discussion Papers 9651, C.E.P.R. Discussion Papers.
- Jeffrey V. Butler & Enrica Carbone & Pierluigi Conzo & Giancarlo Spagnolo, 2012. "Reputation and Entry," Labsi Experimental Economics Laboratory University of Siena 045, University of Siena.
- W. Bentley MacLeod, 2006.
"Reputations, Relationships and the Enforcement of Incomplete Contracts,"
CESifo Working Paper Series
1730, CESifo.
- MacLeod, W. Bentley, 2006. "Reputations, Relationships and the Enforcement of Incomplete Contracts," IZA Discussion Papers 1978, IZA Network @ LISER.
- Hau, Arthur, 2008. "Optimal insurance under costly falsification and costly, inexact verification," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1680-1700, May.
- Kwamena K. Quagrainie & Jill J. McCluskey & Maria L. Loureiro, 2003. "A Latent Structure Approach to Measuring Reputation," Southern Economic Journal, John Wiley & Sons, vol. 69(4), pages 966-977, April.
- Cohen Alma, 2006. "The Disadvantages of Aggregate Deductibles," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-28, April.
- Boone, Jan, 2002.
"'Be Nice, Unless it Pays to Fight': A New Theory of Price Determination with Implications for Competition Policy,"
CEPR Discussion Papers
3342, C.E.P.R. Discussion Papers.
- Boone, J., 2003. "'Be nice, unless it pays to fight' : A new theory of price determination with implications for competition policy," Discussion Paper 2003-011, Tilburg University, Tilburg Law and Economic Center.
- Jan Boone, 2002. "’Be nice, unless it pays to fight’: A New Theory of Price Determination with Implications for Competition Policy," CIG Working Papers FS IV 02-18, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Boone, J., 2002. "'Be Nice Unless it Pays to Fight' : A New Theory of Price Determination with Implications for Competition Policy," Discussion Paper 2002-23, Tilburg University, Center for Economic Research.
- Johannes Hörner, 2002.
"Reputation and Competition,"
American Economic Review, American Economic Association, vol. 92(3), pages 644-663, June.
- Johannes Hörner, "undated". "Reputation and Competition," Penn CARESS Working Papers ddea76857b552544844e6eb28, Penn Economics Department.
- Johannes Hörner, "undated". ""Reputation and Competition''," CARESS Working Papres 99-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Georges Dionne & Robert Gagné, 2001. "Deductible Contracts Against Fraudulent Claims: Evidence From Automobile Insurance," The Review of Economics and Statistics, MIT Press, vol. 83(2), pages 290-301, May.
- Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2002.
"Auditing Policies and Information Systems in Principal-agent Analysis,"
Cahiers de recherche
02-02, HEC Montréal, Institut d'économie appliquée.
- Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2002. "Auditing Policies and Information Systems in Principal-Agent Analysis," CIRANO Working Papers 2002s-18, CIRANO.
- M. Martin Boyer, 2004. "On the Use of Hierarchies to Complete Contracts when Players Have Limited Abilities," CIRANO Working Papers 2004s-41, CIRANO.
- Srinivasan Balakrishnan & Isaac Fox, 1993. "Abstract," Strategic Management Journal, Wiley Blackwell, vol. 14(1), pages 3-16, January.
- Javier Núñez, 2007. "Can self regulation work?: a story of corruption, impunity and cover-up," Journal of Regulatory Economics, Springer, vol. 31(2), pages 209-233, April.
- Patrizia Fanasch, 2019. "Survival of the fittest: The impact of eco‐certification and reputation on firm performance," Business Strategy and the Environment, Wiley Blackwell, vol. 28(4), pages 611-628, May.
- Georges Dionne, 2012.
"The empirical measure of information problems with emphasis on insurance fraud and dynamic data,"
Working Papers
12-10, HEC Montreal, Canada Research Chair in Risk Management.
- Georges Dionne, 2012. "The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data," Cahiers de recherche 1233, CIRPEE.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:insuma:v:32:y:2003:i:2:p:267-280. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505554 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/eee/insuma/v32y2003i2p267-280.html