Brito, Duarte; Pereira, Pedro; Ramalho, Joaquim - Centro de Estudos e Formação Avançada em Gestão e … - 2013
We evaluate the impact on market power and efficiency of a series of mergers on three Portuguese non-life insurance markets. We specify and estimate, with a panel of firmlevel data, a structural model which includes: preferences, technology, and a market equilibrium condition. Firms’ demand...