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Title: The limitations of competition in the insurance markets of Slovenia, Croatia and Serbia
Authors: Kostić, Milan
Maksimovic, Ljiljana
Stojanović, Boban
Issue Date: 2016
Abstract: © 2016 The Author(s). 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.
Type: article
DOI: 10.1080/1331677X.2016.1169703
ISSN: 1331-677X
SCOPUS: 2-s2.0-85010006452
Appears in Collections:Faculty of Economics, Kragujevac

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