Year: 1987
Author: Eggerstedt, Harald
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 3 : pp. 397–416
Abstract
Traditional arguments cannot sufficiently justify the German insurance industry's strict regulation and its examption from antitrust law. Competition contributes to the reduction of uncertainty and assures a supply that meets the needs of the insured. The existing limitations to price and product competition provoke substantial welfare losses. The policy targets of a minimum product quality and an improvement of market transparency can be achieved by measures that hardly restrict competition. Antitrust exemption and protection from foreign competition should be abolished.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.107.3.397
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 3 : pp. 397–416
Published online: 1987-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 20