Does reinsurance purchasing enhance insurers' competitiveness? Evidence from the U.S. property-liability insurance industry
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20190028523 | ||
| 003 | MAP | ||
| 005 | 20191004144234.0 | ||
| 008 | 191002e20191001che|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a5 | ||
| 100 | 1 | $0MAPA20140024940$aChang, Vincent Y. | |
| 245 | 1 | 0 | $aDoes reinsurance purchasing enhance insurers' competitiveness? Evidence from the U.S. property-liability insurance industry$cVincent Y. Chang |
| 520 | $aThis study investigates whether firms that purchase more strategic reinsurance ex ante could enhance their competitiveness in the output market ex post for the U.S. property-liability insurance industry. The empirical results show that reinsurance purchasing does not increase insurers' competitiveness ex post, which contradicts the prediction of the strategic commitment hypothesis. A plausible explanation is that the U.S. property-liability industry tends to be a completely competitive market and not an oligopoly. In addition, reinsurance purchasing seems to be regarded as an insurer's operational characteristic and not to be treated as a strategic demand for sending an aggressive signal on the output market to its competitors | ||
| 650 | 4 | $0MAPA20080602529$aMercado de reaseguros | |
| 650 | 4 | $0MAPA20080568399$aCompetitividad | |
| 650 | 4 | $0MAPA20080624934$aSeguro de daños patrimoniales | |
| 650 | 4 | $0MAPA20080593469$aSeguros de empresas | |
| 773 | 0 | $wMAP20077100215$tGeneva papers on risk and insurance : issues and practice$dGeneva : The Geneva Association, 1976-$x1018-5895$g01/10/2019 Volumen 44 Número 4 - octubre 2019 , p.595-623 |