The Limits of Competition in the European Property Insurance Market
By (author) Thomas Von Ungern-Sternberg
Normal Price: $191.95
Your Price: $172.76 AUD, inc. GST
Shipping: $7.95 per order
You Save: $19.19! (10% off normal price)
Plus...earn $8.64 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Efficient Monopolies by Thomas Von Ungern-Sternberg
Book DescriptionThis 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. In view of the increase in major floods and other forms of natural damage (such as subsidence) over the last decades, the non-availability of insurance cover in many competitive insurance systems is likely to become a major political issue. This book shows that state monopoly is an adequate policy response. Competitive insurance systems are shown to provide incomplete cover at a substantially higher cost. In mixed systems, where the private sector can obtain reinsurance from the state (such a system is being tried in France) the state tends to end up paying most of the costs (it reinsures most of the bad risks) while the private insurance companies keep most of the premium income. The book will be of interest to academic economists interested in privatization, regulation, the theory of the firm, and insurance; Policy-makers concerned with regulation and privatization; Insurance companies, regulators, and analysts.
Buy Efficient Monopolies book by Thomas Von Ungern-Sternberg from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780199268818
(224mm x 144mm x 14mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 26-Feb-2004
Country of Publication: United Kingdom
» Have you read this book? We'd like to know what you think about it - write a review about Efficient Monopolies book by Thomas Von Ungern-Sternberg and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Thomas Von Ungern-Sternberg
Thomas von Ungern-Sternberg is Professor of Economics at the University of Lausanne.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.