NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Susan J. Suponcic

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org

NBER Working Papers and Publications

January 1998Rate Regulation and the Industrial Organization of Automobile Insurance
with Sharon Tennyson
in The Economics of Property-Casualty Insurance, David F. Bradford, editor
September 1995Rate Regulation and the Industrial Organization of Automobile Insurance
with Sharon Tennyson: w5275
This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger automobile insurance. The paper argues that states' restrictions on automobile insurers' rates of return will distort the structure of the market by distorting insurers' entry and output decisions. Cross-sectional analysis of the numbers of firms and the relative market shares of firms of different organizational characteristics supports this argument, especially for those states which impose the most stringent regulation. The analysis suggests that increased regulatory stringency lowers the total number of firms selling in the market, and lowers the number of low cost and national firms in the market. The market shares of these latter two groups of firms are also significantly...

Published: Rate Regulation and the Industrial Organization of Automobile Insurance, Susan J. Suponcic, Sharon Tennyson. in The Economics of Property-Casualty Insurance, Bradford. 1998

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us