자동차보험 가격자유화 전후의 손해보험산업 시장구조 및 경쟁도 변화 분석 = An Analysis on Market Structure and Competition of Non-Life Insurance Industry around the time of Automobile Insurance Price Liberalization

다국어 초록 (Multilingual Abstract)

This study aims to analyze and evaluate the influence of automobile insurance price liberalization on market structure and competitive behavior of insurers using structural and non-structural method. We analyzed the change of market share and Herfindahl-Hirschman index (HHI) for structural change, and employed Panzar-Rosse model for assessing behavioral change for 11 years (1998-2008) following foreign currency crisis. Results show that the degree of concentration was decreased and competition was increased in the market after price liberalization. We evaluate that price liberalization, together with deregulation of market entry around that time, contributed to the promotion of market competition.

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