The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis

Jedlicka, Lorenz and Jumah, Adusei (May 2006) The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis. IHS Economics Series 189

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Abstract or Table of Contents

Abstract: There exist a vast number of studies on the banking industry. However, the insurance industry remains relatively unexplored. Increasingly, Austrian insurance institutions are becoming important as financial intermediaries in the domestic market, and - based on proximity advantage - also in the Central and Eastern European markets. This paper applies the structure, conduct and performance (SCP) approach to a sample of 52 Austrian insurance firms. The main finding is that the standard SCP hypothesis of highly concentrated markets, which create incentives to engage in collusive behaviour and which in turn leads to higher industry profit rates, cannot be supported by the Austrian insurance industry leads to higher industry profit rates, cannot be supported by the Austrian insurance industry.;

Item Type: IHS Series
Keywords: 'Insurance industry' 'Market structure' 'Conduct and performance' 'Industrial organisation'
Classification Codes (e.g. JEL): G22, L1
Status: Published
Date Deposited: 26 Sep 2014 10:38
Last Modified: 22 Jul 2017 10:12
URI: http://irihs.ihs.ac.at/id/eprint/1707

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