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The German insurance market was liberalized in 1994 by the introduction of the "single passport" allowing European insurers to operate throughout the entire European Union. The European directive put also an end to price and insurance contract terms regulation. These measures were meant for...
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estimate the impacts of minimum wages on market entries and exits and firms’ profitability. We find significant effects for … East Germany which point to a substantial shift in industry structure. Minimum wages decreased both market entries and … competition for this group of firms and helped them to increase profitability. The increasing share of sole traders may indicate …
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