Entrepreneurship has long been seen as a key driving force of a free market economy. Modern definitions of entrepreneurship emphasise a strong link between entrepreneurship and innovation and distinguish entrepreneurship from simple form of management. Entrepreneurship is also seen as a critical...

The paper examines the role of information disclosure in a competitive insurance market and the role of government in facilitating the flow of information between insurance market participants. After an introduction to the theoretical framework, the paper outlines some specifics of information...