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Information sharing, market competition and antitrust intervention: a lesson from the Italian insurance sector

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  • Paolo Coccorese

Abstract

By means of an application of the Rosse--Panzar methodology, we assess the degree of competition in the Italian car insurance market in order to evaluate the considerable fine that is imposed on 39 companies by the Italian Antitrust Authority (IAA) in 2000 for their supposed anticompetitive behaviour due to a longstanding information exchange through a third independent company. Our results show that this group of firms has earned revenues as if under monopoly or collusive oligopoly conditions, therefore endorsing the decision of IAA.

Suggested Citation

  • Paolo Coccorese, 2012. "Information sharing, market competition and antitrust intervention: a lesson from the Italian insurance sector," Applied Economics, Taylor & Francis Journals, vol. 44(3), pages 351-359, January.
  • Handle: RePEc:taf:applec:44:y:2012:i:3:p:351-359 DOI: 10.1080/00036846.2010.508721
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    References listed on IDEAS

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    Cited by:

    1. Kodila-Tedika, Oasis & Asongu, Simplice A. & Cinyabuguma, Matthias & Tchamyou, Vanessa S., 2017. "Financial development and prehistoric geographical isolation: global evidence," Financial History Review, Cambridge University Press, vol. 24(03), pages 283-306, December.
    2. Asongu, Simplice, 2017. "Improving financial access in Africa: insights from information sharing and financial sector development," MPRA Paper 83071, University Library of Munich, Germany.
    3. Asongu, Simplice & Anyanwu, John & Tchamyou, Vanessa, 2016. "Information sharing and conditional financial development in Africa," MPRA Paper 74653, University Library of Munich, Germany.
    4. Asongu, Simplice & Raheem, Ibrahim & Tchamyou, Venessa, 2016. "Information Asymmetry and Financial Dollarization in Sub-Saharan Africa," MPRA Paper 77310, University Library of Munich, Germany.
    5. Simplice Asongu & Sara Le Roux, 2016. "Reducing Information Asymmetry with ICT: A critical review of loan price and quantity effects in Africa," Working Papers 16/024, African Governance and Development Institute..
    6. repec:bla:afrdev:v:29:y:2017:i:2:p:122-138 is not listed on IDEAS
    7. repec:eee:riibaf:v:41:y:2017:i:c:p:185-197 is not listed on IDEAS
    8. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "At what levels of financial development does information sharing matter?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-30, December.
    9. Vanessa S. Tchamyou & Simplice A. Asongu, 2017. "Information Sharing and Financial Sector Development in Africa," Journal of African Business, Taylor & Francis Journals, vol. 18(1), pages 24-49, January.
    10. Asongu, Simplice & Anyanwu, John & Tchamyou, Vanessa, 2017. "Technology-driven information sharing and conditional financial development in Africa," MPRA Paper 79640, University Library of Munich, Germany.
    11. Asongu, Simplice & Nwachukwu, Jacinta & Tchamyou, Vanessa, 2015. "Information Asymmetry and Financial Development Dynamics in Africa," MPRA Paper 68315, University Library of Munich, Germany.
    12. Asongu, Simplice A. & Moulin, Bertrand, 2016. "The role of ICT in reducing information asymmetry for financial access," Research in International Business and Finance, Elsevier, vol. 38(C), pages 202-213.
    13. Oasis Kodila-Tedika & Simplice Asongu & Matthias Cinyabuguma, 2016. "Financial Development and Geographic Isolation: Global Evidence," Working Papers 16/014, African Governance and Development Institute..
    14. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2017. "The synergy of financial sector development and information sharing in financial access: Propositions and empirical evidence," Research in International Business and Finance, Elsevier, vol. 40(C), pages 242-258.
    15. Aleksandar B. Todorov, 2016. "Assessing Competition in the Bulgarian Insurance Industry: A Panzar-Rosse Approach," International Journal of Economics and Financial Issues, Econjournals, pages 872-879.
    16. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "ICT, Financial Sector Development and Financial Access," Working Papers 17/006, African Governance and Development Institute..
    17. Asongu, Simplice A., 2017. "The effect of reducing information asymmetry on loan price and quantity in the African banking industry," Research in International Business and Finance, Elsevier, pages 185-197.
    18. Simplice Asongu & Jacinta Nwachukwu, 2017. "Information asymmetry and conditional financial sector development," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 9(4), pages 372-392, November.

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