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

Synopsis

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.

Additional information

Includes content by:
  • Thomas Von Ungern-Sternberg
Publisher: Place of publication:
  • Oxford
Publication year:
  • 2004

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