Wettbewerb und Regulierung auf Versicherungsmärkten
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Wettbewerb und Regulierung auf Versicherungsmärkten
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 3 : pp. 397–416
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Eggerstedt, Harald
Abstract
Traditional arguments cannot sufficiently justify the German insurance industry's strict regulation and its examption from antitrust law. Competition contributes to the reduction of uncertainty and assures a supply that meets the needs of the insured. The existing limitations to price and product competition provoke substantial welfare losses. The policy targets of a minimum product quality and an improvement of market transparency can be achieved by measures that hardly restrict competition. Antitrust exemption and protection from foreign competition should be abolished.