Efficient Monopolies: The Limits of Competition in the European Property Insurance Market (Hardcover)

Efficient Monopolies: The Limits of Competition in the European Property Insurance Market By Thomas Von Ungern-Sternberg Cover Image
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Description


This book presents startling evidence that state monopolies can produce better outcomes than the free market. It provides an empirical comparison of the property insurance market in five European countries: Britain, Spain, France, Switzerland, and Germany. The market and cost structures of insurers in each country are described, and particular features of each market and the outcomes for customers examined. The regulatory frameworks vary widely from country to country and so do the market outcomes, both in terms of premium level and in terms of available insurance cover.

About the Author


Thomas von Ungern-Sternberg is Professor of Economics at the University of Lausanne.


Product Details
ISBN: 9780199268818
ISBN-10: 0199268819
Publisher: Oxford University Press, USA
Publication Date: May 6th, 2004
Pages: 176
Language: English