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The Impact of Price Controls on Mandatory Automobile Insurance Markets

Author

Listed:
  • Strauss, Jason

Abstract

This is a theoretical paper that models a mandatory automobile insurance market using a partial equilibrium concept where automobile insurance is one good and a composite good represents all others. Price controls, heterogeneous service, administrative, and adjusting costs, as well as capital reserves and capital costs are all included in this simple model.

Suggested Citation

  • Strauss, Jason, 2006. "The Impact of Price Controls on Mandatory Automobile Insurance Markets," MPRA Paper 11016, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:11016
    as

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    File URL: https://mpra.ub.uni-muenchen.de/11016/1/MPRA_paper_11016.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Cummins, J David & Mahul, Olivier, 2003. "Optimal Insurance with Divergent Beliefs about Insurer Total Default Risk," Journal of Risk and Uncertainty, Springer, vol. 27(2), pages 121-138, October.
    2. Neil A. Doherty & Harris Schlesinger, 1990. "Rational Insurance Purchasing: Consideration of Contract Nonperformance," The Quarterly Journal of Economics, Oxford University Press, vol. 105(1), pages 243-253.
    3. Cagle, Julie A B & Harrington, Scott E, 1995. "Insurance Supply with Capacity Constraints and Endogenous Insolvency Risk," Journal of Risk and Uncertainty, Springer, vol. 11(3), pages 219-232, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    insurance; insurance markets;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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