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The Coexistence of Distribution Systems When Consumers are not Informed

Cited 11 time in webofscience Cited 13 time in scopus
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dc.contributor.authorSeog, S. Hunko
dc.date.accessioned2013-03-03T08:49:10Z-
dc.date.available2013-03-03T08:49:10Z-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.issued1999-12-
dc.identifier.citationGENEVA PAPERS ON RISK AND INSURANCE THEORY, v.24, no.2, pp.173 - 192-
dc.identifier.issn0926-4957-
dc.identifier.urihttp://hdl.handle.net/10203/78038-
dc.description.abstractWe attempt to explain the coexistence of two distribution systems when consumers are poorly informed about price distribution. The interaction of price dispersion and consumer search behavior is shown to affect the choice of marketing systems. We provide a necessary and sufficient condition for the coexistence as a long-run equilibrium. The market may observe the coexistence of the two agency systems regardless of the relative efficiency of agency types, or the domination by the less efficient agency system offering higher average price.-
dc.languageEnglish-
dc.publisherGeneva Association-
dc.subjectPROPERTY-LIABILITY INSURANCE-
dc.subjectEQUILIBRIUM PRICE DISPERSION-
dc.subjectSEARCH-
dc.subjectINFORMATION-
dc.subjectINTEGRATION-
dc.subjectINDUSTRY-
dc.subjectMARKETS-
dc.subjectCHOICE-
dc.subjectMODEL-
dc.subjectCOSTS-
dc.titleThe Coexistence of Distribution Systems When Consumers are not Informed-
dc.typeArticle-
dc.identifier.wosid000085262200004-
dc.identifier.scopusid2-s2.0-0347651474-
dc.type.rimsART-
dc.citation.volume24-
dc.citation.issue2-
dc.citation.beginningpage173-
dc.citation.endingpage192-
dc.citation.publicationnameGENEVA PAPERS ON RISK AND INSURANCE THEORY-
dc.identifier.doi10.1023/A:1008741627883-
dc.contributor.localauthorSeog, S. Hun-
dc.type.journalArticleArticle-
dc.subject.keywordAuthordistribution systems-
dc.subject.keywordAuthorprice dispersion-
dc.subject.keywordAuthorconsumer search behavior-
dc.subject.keywordAuthorlong-run equilibrium-
dc.subject.keywordAuthoruninformed consumers-
dc.subject.keywordPlusPROPERTY-LIABILITY INSURANCE-
dc.subject.keywordPlusEQUILIBRIUM PRICE DISPERSION-
dc.subject.keywordPlusSEARCH-
dc.subject.keywordPlusINFORMATION-
dc.subject.keywordPlusINTEGRATION-
dc.subject.keywordPlusINDUSTRY-
dc.subject.keywordPlusMARKETS-
dc.subject.keywordPlusCHOICE-
dc.subject.keywordPlusMODEL-
dc.subject.keywordPlusCOSTS-
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