Limit-Pricing and Entry into the Property and Liability Insurance Industry
This study develops a dynamic limit-pricing model. The model tests whether the observed differences in rates of entry into property-liability markets can be explained by the differences in profit levels of existing firms, the rate of growth, and barriers to entry across states insurance markets of private passenger automobile insurance. The overall empirical findings provide some evidence that is consistent with the competitive market hypothesis.
Volume (Year): 14 (1991)
Issue (Month): 2 ()
|Contact details of provider:|| |
When requesting a correction, please mention this item's handle: RePEc:wri:journl:v:14:y:1990:i:2:p:73-96. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (James Barrese)
If references are entirely missing, you can add them using this form.