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Competition, Market Structure and Market Power in the Insurance Industry in Lesotho

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  • H M Bello
  • M Sepiriti
  • E M Letete

Abstract

The study analyzes the degree of competition, market structure and market power in the insurance industry in Lesotho. Data used for the study was collected from the existing insurance firms in Lesotho between 2000 and 2005. Trends of fluctuations were studied for this period. The entropy index was computed and used along with the actual number of firms and agents that existed in the industry, to determine the concentration levels and the degree of competition. The results reveal that the market is found to be oligopolistic in which there is existence of market power with some firms in the industry.

Suggested Citation

  • H M Bello & M Sepiriti & E M Letete, 2009. "Competition, Market Structure and Market Power in the Insurance Industry in Lesotho," The IUP Journal of Financial Economics, IUP Publications, vol. 0(1), pages 7-21, March.
  • Handle: RePEc:icf:icfjfe:v:07:y:2009:i:1:p:7-21
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    Cited by:

    1. Mahmoud Moeinaddin & Shahnaz Nayebzadeh & Masoumeh Ghasemi, 2013. "The Relationship between Product Market Competition and Capital Structure of the Selected Industries of the Tehran Stock Exchange," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(3), pages 221-233, July.
    2. Sedat Göçen & Mesut Albeni & Şevket Yirik & Hakan Yildiz & Mesut Akdere, 2017. "Competition, market structure and market power within the hotel-supplier sector in Antalya, Turkey," Tourism Economics, , vol. 23(3), pages 647-668, May.

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