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題名 Competition and Its Variation Over Time: An Empirical Analysis of the Chinese Insurance Industry
作者 鄭士卿
Jeng, Vivian S C
貢獻者 風險管理與保險系
日期 2015-10
上傳時間 8-Aug-2017 16:18:36 (UTC+8)
摘要 We use Chinese insurance market data for the period 2001-2009 to examine the degree of competition in the life and property-liability insurance industries. We show that, during the period 2001-2002, the Chinese life insurance market was under a monopoly, but it has been operating under monopolistic competition since 2003. By contrast, the property-liability insurance market was under a monopoly for the full time period. In addition, our results show that domestic firms compete more actively than foreign firms, and among foreign insurers, there is a clear structural break between firms that have expanded and those that have not. This difference is especially obvious in the property-liability insurance industry. We thus suggest that an implicit geographic restriction could be one of the reasons that foreign firms in China are placed in an inferior position when competing with domestic firms. © 2015 The International Association for the Study of Insurance Economics.
關聯 Geneva Papers on Risk and Insurance: Issues and Practice, 40(4), 632-652
資料類型 article
DOI http://dx.doi.org/10.1057/gpp.2015.4
dc.contributor 風險管理與保險系zh_Tw
dc.creator (作者) 鄭士卿zh_TW
dc.creator (作者) Jeng, Vivian S Cen_US
dc.date (日期) 2015-10en_US
dc.date.accessioned 8-Aug-2017 16:18:36 (UTC+8)-
dc.date.available 8-Aug-2017 16:18:36 (UTC+8)-
dc.date.issued (上傳時間) 8-Aug-2017 16:18:36 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/111664-
dc.description.abstract (摘要) We use Chinese insurance market data for the period 2001-2009 to examine the degree of competition in the life and property-liability insurance industries. We show that, during the period 2001-2002, the Chinese life insurance market was under a monopoly, but it has been operating under monopolistic competition since 2003. By contrast, the property-liability insurance market was under a monopoly for the full time period. In addition, our results show that domestic firms compete more actively than foreign firms, and among foreign insurers, there is a clear structural break between firms that have expanded and those that have not. This difference is especially obvious in the property-liability insurance industry. We thus suggest that an implicit geographic restriction could be one of the reasons that foreign firms in China are placed in an inferior position when competing with domestic firms. © 2015 The International Association for the Study of Insurance Economics.en_US
dc.format.extent 202 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Geneva Papers on Risk and Insurance: Issues and Practice, 40(4), 632-652en_US
dc.title (題名) Competition and Its Variation Over Time: An Empirical Analysis of the Chinese Insurance Industryen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1057/gpp.2015.4
dc.doi.uri (DOI) http://dx.doi.org/10.1057/gpp.2015.4