The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2016, Vol 29, Issue 1
Abstract
The article analyses the situation in the insurance markets of Slovenia, Croatia, and Serbia in order to provide the insight into the limitation of competition. The study of the limitation of competition was conducted using the theoretically founded indicators of concentration and inequality as follows: Concentration ratio, Herfindahl-Hirschman index, Lorenz curve, Gini coefficient, and Entropy index. The indicators were calculated for all the countries between 2004 and 2011. By comparatively analysing the obtained values of the indicators of concentration and inequality, we came to the conclusion that all three markets are characterised by a similar movement of the indicator, as well as that Croatian market, despite the relatively uneven market share distribution between individual companies, is more competitive than the other two.
Authors and Affiliations
Milan Kostić, Ljiljana Maksimović, Boban Stojanović
Keywords
Related Articles
- EP ID EP201760
- DOI 10.1080/1331677X.2016.1169703
- Views 96
- Downloads 0
Entry timing into international markets: evidence from the Taiwanese service industry
The aim of this study was to explain the determinants of service industry firms’ entry timing into new international markets. On the basis of the relevant literature, a framework was proposed comprising firm-specific, ex...
Corruption and shadow economy in transition economies of European Union countries: a panel cointegration and causality analysis
Corruption and shadow economy are two critical problems which feed each other and pose an obstacle against the economic development of countries, especially those with weak fundamentals. Central and Eastern European coun...
Corporate social responsibility and financial performance relationship: a review of measurement approaches
The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been subject to extensive empirical enquiry. Yet the body of evidence that has accumulated about the nature of...
Performance evaluation of the Visegrad Group countries
The objective of economic success is not only to achieve positive developments in economic indicators, but to ensure a high living standard and quality of life for the population. It is therefore necessary to measure eco...
Assessing the accuracy of delta-normal VaR evaluation for Serbian government bond portfolio
Interest rate risk is immanent to all sorts of bonds with a fixed interest rate and has a major impact on the value of the bond. The aim of this article is to evaluate this risk over a period of five years (2008–2012), a...