UID:
almafu_9961913035602883
Format:
1 online resource (282 p.)
Edition:
Reprint 2019
ISBN:
9780520315396
Series Statement:
Publications of the Institute of Business and Economic Research
Content:
Competition, Regulation, and the Public Interest in Nonlife Insurance provides a focused examination of the market structure, conduct, and economic performance of the nonlife insurance sector within the U.S. economy—a sector uniquely positioned between public utility and free market status. This study aims to critically analyze how current industry practices impact economic outcomes and to propose policy changes that could enhance the sector's social and economic contributions. Leveraging economic theories on workable competition, particularly Joe S. Bain's influential framework, the study sheds light on key issues such as market regulation, competitive behavior, and performance metrics in nonlife insurance, while also addressing broader implications for other financial sectors facing similar challenges. With a strategic emphasis on industry performance and practical policy outcomes, this investigation offers evidence-based insights into alternative regulatory models that may increase the industry's public value. By examining potential reforms in a historically resistant field, the study encourages an open-minded exploration of economic strategies that balance industry sustainability with the public interest. Supported by discussions with policy advisors, industry experts, and regulators, Competition, Regulation, and the Public Interest in Nonlife Insurance is an essential resource for scholars, policymakers, and professionals seeking a nuanced understanding of market regulation and competitive practices in insurance and adjacent financial industries. This title was originally published in 1962. Competition, Regulation, and the Public Interest in Nonlife Insurance provides a focused examination of the market structure, conduct, and economic performance of the nonlife insurance sector within the U.S. economy—a sector uniquely positioned between pu‹/DIV
Note:
Frontmatter --
,
PREFACE --
,
CONTENTS --
,
CHAPTER I. The Industry, Its Performance, and the Public Interest --
,
CHAPTER II. Size, Number, and Organization of Firms in the Industry --
,
CHAPTER III. Channels of Distribution --
,
CHAPTER IV. Entry and Exit --
,
CHAPTER V. Price Policy and Price Making --
,
CHAPTER VI. Industry Performance I: Progressiveness (Multiple-Line Insurance) --
,
CHAPTER VII. Industry Performance II: Progressiveness (Automobile Insurance and Accident and Health Insurance) --
,
CHAPTER VIII. Industry Performance III: Product Variety, Capacity, Profit Levels, and Selling Costs --
,
CHAPTER IX. The Results of Past and Present Policy in Nonlife Insurance --
,
CHAPTER X. Policy Alternatives and Suggestions --
,
BIBLIOGRAPHY --
,
INDEX
,
In English.
Language:
English
DOI:
10.1525/9780520315396
URL:
https://doi.org/10.1525/9780520315396?locatt=mode:legacy
URL:
https://www.degruyterbrill.com/isbn/9780520315396
