Assessing Competition in the Bulgarian Insurance Industry: A Panzar-Rosse Approach

Aleksandar B. TODOROV

Makale detayları

Assessing Competition in the Bulgarian Insurance Industry: A Panzar-Rosse Approach

Yazarlar:

Aleksandar B. TODOROV

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.872-879

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812939

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

The study assesses the competitive behavior in the Bulgarian general insurance industry by applying an empirical methodology developed by Panzar and Rosse (1987). Based on company data from insurers' balance sheets and profit and loss accounts for the period between 2005 and 2014 a reduced-form revenue equation is estimated. The information about the insurers' competitive behavior is provided by the sum of the estimated factor price elasticities, which constitute the so called H-statistic. The fixed effects panel estimation shows that the hypotheses of monopoly or collusive behavior cannot be rejected. These findings suggest that the Bulgarian insurance market is far from being perfectly competitive and may require further actions to promote its competitive development.

Makale detayları

Assessing Competition in the Bulgarian Insurance Industry: A Panzar-Rosse Approach

Yazarlar: Aleksandar B. TODOROV

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.872-879

Belge Tipi: Makale

Yayın Tarihi: 4/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000812939

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Aleksandar B. TODOROV

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.872-879

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812939

Sıklık:

İki Aylık

eISSN:

2146-4138