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Harmful competition in the insurance markets
There is a general presumption that competition is a good thing. In this paper we show that competition in the insurance markets can be bad and that adverse selection is in general worse under competition than under ...
On the FDI: attracting property of privatization
In the present paper we provide an explanation of why privatization may attract foreign investors willing to enter a regional market. Privatization turns the formerly-public rm into a less aggressive competitor since ...