The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia

Bibliographic Data

ID15067929
AuthorsMilan Kostić (0000-0003-2883-1474, Faculty of Economics University of Kragujevac, Kargujevac, Serbia, corresponding author), Ljiljana Maksimović (Faculty of Economics University of Kragujevac, Kargujevac, Serbia), Boban Stojanović (0000-0003-2901-0061, Faculty of Economics University of Niš, Niš, Serbia)
Year2016
Volume29
Issue1
Pages395-418
Publication date2016-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2016.1169703
OpenAlexW2352243294
LanguageEN
References cited17

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

Economic inequality · Economics · Gini coefficient · Herfindahl index · Inequality · Lorenz curve · Market competition · Market concentration · Market economy · Market share · Microeconomics · Economic Analysis and Policy · Insurance and Financial Risk Management · Insurance, Mortality, Demography, Risk Management · Mathematics · Finance

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