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The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia

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  • Milan Kostić
  • Ljiljana Maksimović
  • Boban Stojanović

Abstract

The article analyses the situation in the insurance markets of Slovenia, Croatia, and Serbia in order to provide the insight into the limitation of competition. The study of the limitation of competition was conducted using the theoretically founded indicators of concentration and inequality as follows: Concentration ratio, Herfindahl-Hirschman index, Lorenz curve, Gini coefficient, and Entropy index. The indicators were calculated for all the countries between 2004 and 2011. By comparatively analysing the obtained values of the indicators of concentration and inequality, we came to the conclusion that all three markets are characterised by a similar movement of the indicator, as well as that Croatian market, despite the relatively uneven market share distribution between individual companies, is more competitive than the other two.

Suggested Citation

  • Milan Kostić & Ljiljana Maksimović & Boban Stojanović, 2016. "The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 29(1), pages 395-418, January.
    • Handle: RePEc:taf:reroxx:v:29:y:2016:i:1:p:395-418
    DOI: 10.1080/1331677X.2016.1169703
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    Cited by:

    1. Mladen Stamenković, 2023. "Where Did All The Papers Go? A Bibliometric Overview Of Publications In Economics From Serbia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(236), pages 29-50, January –.

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