Main Data
Author: Martina Eckardt
Title: Insurance Intermediation An Economic Analysis of the Information Services Market
Publisher: Physica-Verlag
ISBN/ISSN: 9783790819403
Edition: 1
Price: CHF 154.70
Publication date: 01/01/2007
Category: Politik, Gesellschaft, Arbeit
Language: English
Technical Data
Pages: 246
Kopierschutz: DRM
Geräte: PC/MAC/eReader/Tablet
Formate: PDF
Table of contents

Insurance intermediaries can help consumers to economize on information and transaction costs in insurance markets. This book analyzes conduct and performance in the market for insurance information services by applying search theoretical and industrial organization approaches. Based on a sample of 927 insurance intermediaries, coverage empirically studies the factors that affect the quality of the information services provided by them.

Table of contents
1 Intermediaries in the Insurance Market8
1.1 Introduction8
1.2 Incompletely Informed Consumers in Personal Insurance Markets10
1.3 Net Gains from Trade through Intermediated Exchange17
1.4 Insurance Market Microstructure22
2 An Economic Explanation of Insurance Intermediation29
2.1 The Basic Model of Information Intermediation29
2.2 A Search Theoretical Model of Insurance Intermediation54
2.3 Insurance Agents and Brokers in the Insurance Intermediation Model99
3 Competition between Insurance Intermediaries103
3.1 Monopolistic Competition and Horizontal Product Differentiation103
3.2 Incomplete Information and Costly Search112
3.3 Asymmetric Information, Market Conduct and the Market Microstructure118
3.4 Summary155
4 The Market for Insurance Intermediation in Germany157
4.1 Overview of the Empirical Literature157
4.2 Hypotheses, Data and Estimation Methods164
4.3 Empirical Results and Discussion190
5 Conclusions220
List of Figures227
List of Tables229
List of Used Symbols231