An Evaluation of the Degree of Competition in the French Life Insurance Industry

Gagnepain, Philippe and Ivaldi, Marc (2016) An Evaluation of the Degree of Competition in the French Life Insurance Industry. TSE Working Paper, n. 16-697

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Official URL: http://tse-fr.eu/pub/30840

Abstract

This article focuses on the life insurance industry in France and attempts to shed light on whether the insurers behave in a competitive fashion, or whether, on the contrary, they take coordinated decisions. We propose several empirical tests, which entail the estimation of the Boone indicator, a tool which explores the relationship between firms’ relative costs and profits, the evaluation of the switching costs beard by consumers when they decide to change insurer, and the construction of a structural model, which is based on an oligopolistic framework where insurers propose differentiated products. Our results suggest unambiguously that firms do follow a competitive behavior.

Item Type: Monograph (Working Paper)
Language: English
Date: September 2016
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse Capitole
Site: UT1
Date Deposited: 21 Sep 2016 07:29
Last Modified: 07 Mar 2018 13:23
OAI ID: oai:tse-fr.eu:30840
URI: http://publications.ut-capitole.fr/id/eprint/22374

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