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    <SEQUENTIAL>
      <record key="001" att1="001" value="162739" att2="162739">001   162739</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-189.pdf</field>
      <field key="079" subkey="z">Jedlicka, Lorenz - et al., The Austrian Insurance Industry (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/189.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 189 (RePEc)</field>
      <field key="100" subkey="">Jedlicka, Lorenz</field>
      <field key="103" subkey="">Department of Economics, BWZ, University of Vienna</field>
      <field key="104" subkey="a">Jumah, Adusei</field>
      <field key="107" subkey="">Department of Economics, BWZ, University of Vienna and Department of Economics and Finance, Institute for Advanced Studies,</field>
      <field key="Vie" subkey="n">na, Austria</field>
      <field key="331" subkey="">The Austrian Insurance Industry</field>
      <field key="335" subkey="">A Structure, Conduct and Performance Analysis</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2006, May</field>
      <field key="433" subkey="">27 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 189</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The Austrian insurance industry; Methodology; Results and interpretation; Summary and</field>
      <field key="con" subkey="c">lusion; Appendixes;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 189</field>
      <field key="700" subkey="">G22</field>
      <field key="700" subkey="">L1</field>
      <field key="720" subkey="">Insurance industry</field>
      <field key="720" subkey="">Market structure</field>
      <field key="720" subkey="">Conduct and performance</field>
      <field key="720" subkey="">Industrial organisation</field>
      <field key="753" subkey="">Abstract: There exist a vast number of studies on the banking industry. However, the insurance industry remains relatively</field>
      <field key="une" subkey="x">plored. Increasingly, Austrian insurance institutions are becoming important as financial intermediaries in the domestic</field>
      <field key="mar" subkey="k">et, and - based on proximity advantage - also in the Central and Eastern European markets. This paper applies the structure,</field>
      <field key="con" subkey="d">uct and performance (SCP) approach to a sample of 52 Austrian insurance firms. The main finding is that the standard SCP</field>
      <field key="hyp" subkey="o">thesis of highly concentrated markets, which create incentives to engage in collusive behaviour and which in turn leads to</field>
      <field key="hig" subkey="h">er industry profit rates, cannot be supported by the Austrian insurance industry leads to higher industry profit rates,</field>
      <field key="can" subkey="n">ot be supported by the Austrian insurance industry.;</field>
    </SEQUENTIAL>
  </section>