Original scientific paper
https://doi.org/10.1080/1331677X.2016.1169703
The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia
Milan Kostić
orcid.org/0000-0003-2883-1474
Ljiljana Maksimović
Boban Stojanović
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 indicatorswere calculate d 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.
Keywords
Relevant market; supply concentration; inequality of market share distribution
Hrčak ID:
171731
URI
Publication date:
22.12.2016.
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