The contribution aims to identify different instruments of regulation implemented in the insurance market to correct market imperfections. In principle, imperfections impose particulr costs on one or both market sides. Introducing a regulation does not automatically do away with these costs or alleviate the underlying friction. But, given the imperfections, regulatory interventions may improve the market outcome.
Regulating informational imperfections and market failures in the insurance market
PORRINI, Donatella
2010-01-01
Abstract
The contribution aims to identify different instruments of regulation implemented in the insurance market to correct market imperfections. In principle, imperfections impose particulr costs on one or both market sides. Introducing a regulation does not automatically do away with these costs or alleviate the underlying friction. But, given the imperfections, regulatory interventions may improve the market outcome.File in questo prodotto:
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