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The impact of intermediary remuneration in differentiated insurance markets

Hofmann, Annette; Nell, Martin - 2008

This article deals with the impact of intermediaries on insurance market transparency and performance. In a market exhibiting product differentiation and coexistence of perfectly and imperfectly informed consumers, competition among insurers leads to non-existence of a pure-strategy market...

Persistent link: https://www.econbiz.de/10009390562

Strategic Adverse Selection : Raising Competitor Costs in the Insurance Industry

Shaver, Kevin - 2014

A key feature of insurance markets is that the cost of selling insurance policies is contingent upon not only the number of policies sold but to whom they are sold. This differentiates insurance markets from conventional markets and admits novel strategies, such as segmentation strategies,...

Persistent link: https://www.econbiz.de/10014145136

Uncertain costs and vertical differentiation in an insurance duopoly

Raykov, Radoslav S. - 2014

Classical oligopoly models predict that firms differentiate vertically as a way of softening price competition, but some metrics suggest very little quality differentiation in the U.S. auto insurance market. I explain this phenomenon using the fact that risk-averse insurance companies with...

Persistent link: https://www.econbiz.de/10010344933

When prices hardly matter : incomplete insurance contracts and markets for repair goods

Nell, Martin; Richter, Andreas; Schiller, Jörg - 2006

This paper looks at markets characterized by the fact that the demand side is insured. In these markets a consumer purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most lines of insurance base indemnity on the insured's...

Persistent link: https://www.econbiz.de/10010441548

When prices hardly matter : incomplete insurance contracts and markets for repair goods

Nell, Martin; Richter, Andreas; Schiller, Jörg - 2005

This paper locks at markets charaterized by the fact that the demand side is insured. In these markets a consumer purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most lines of insurance base indemnity on the insured's...

Persistent link: https://www.econbiz.de/10009389462

Can price discrimination lead to product differentiation? A vertical differentiation model

Herweg, Fabian - 2007

In this paper, I compare two-part tariff competition to linear pricing in a vertically differentiated duopoly. Consumers have identical tastes for quality but differ in their preferences for quantity. The main finding is that quality differentiation occurs in equilibrium if and only if two-part...

Persistent link: https://www.econbiz.de/10010263184

On the (mis-) alignment of consumer and social welfare in markets with network effects

Suleymanova, Irina; Wey, Christian - 2008

We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and consumer surplus whenever products are incompatible. While...

Persistent link: https://www.econbiz.de/10010265012

Bertrand competition in markets with network effects and switching costs

Suleymanova, Irina; Wey, Christian - 2008

We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching costs. Consumers form installed bases, repeatedly buy the products, and differ with respect to their switching costs. Depending on the ratio of switching costs to network...

Persistent link: https://www.econbiz.de/10010265013

Too much R&D?: vertical differentiation in a model of monopolistic competition

Kranich, Jan - 2007

This paper discusses a model of vertical and horizontal product differentiation within the Dixit-Stiglitz framework of monopolistic competition. Firms compete not only in prices and horizontal attributes of their products, but also in the quality that can be controlled by R&D activities. Based...

Persistent link: https://www.econbiz.de/10010265155

Electronic coordination in oligopolistic markets: Impact on transport costs and product differentiation

Bandulet, Martin; Morasch, Karl - 2002

Produktdifferenzierung eigentlich erhöhen. Wir analysieren die Interaktion der Investitionsentscheidungen in transportkostensenkende … elektronische Koordination und in verstärkte Produktdifferenzierung in einem Duopol mit räumlich getrennten Märkten. Wir zeigen … Parameterbereiche existieren in denen die Unternehmen nach einer exogenen Senkung der Transportkosten die Produktdifferenzierung …

Persistent link: https://www.econbiz.de/10010300398

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