Insurance Intermediation: An Economic Analysis of the Information Services Market by Martina Eckardt
OVERVIEW OF BOOK AT A GLANCE:
- Incompletely Informed Consumers in Personal Insurance Markets
- Net Gains from Trade through Intermediated Exchange
- Insurance Market Microstructure
- The Basic Model of Information Intermediation
- Personal Search versus Intermediated Search
- Comparative-Static Analysis
- Market Conduct and Performance
- Search Theoretical Model of Insurance Intermediation
- Insurance Intermediaries in the Basic Intermediation Model
- Comparative-Static Analysis under Symmetric Information
- Comparative-Static Analysis under Asymmetric Information
- Oligopolistic Competition in the Market for Insurance Intermediaries
- Insurance Agents and Brokers in the Insurance Intermediation Model
3 Competition between Insurance Intermediaries
- Monopolistic Competition and Horizontal Product Differentiation
- The Extent of Horizontal Product Differentiation under Monopolistic Competition
- Market Conduct: Incentives to Increase Product
- Differentiation and/ or to Reduce Fixed Costs
- Incomplete Information and Costly Search
- A Basic Model of Price-Quality Dispersion
- Differences in Consumers’ Information and Market Outcome
- Asymmetric Information, Market Conduct and the Market
- Microstructure
- Asymmetric Information and Information Quality
- Asymmetric Information and Signaling Incentives of Intermediaries
- Insurance Companies’ Choice of Distribution Channels and Information Quality
- Competition from Outside Intermediaries
4 The Market for Insurance Intermediation in Germany
- Overview of the Empirical Literature
- Hypotheses, Data and Estimation Methods
- Data and Estimation Methods
- Empirical Results and Discussion
- Performance Indicator I: Information Quality
- Performance Indicator II: Contract Conclusion Rate
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