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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w3979 |
来源ID | Working Paper 3979 |
Information Spillovers, Margins, Scale and Scope: With an Application to Canadian Life Insurance | |
Jeffrey I. Bernstein | |
发表日期 | 1992 |
出版年 | 1992 |
语种 | 英语 |
摘要 | This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is applied to Canadian life insurance firms. Price-cost margins average from 13% to 40%. These margins emanate from information spillovers generated by marketing activities. Cost advantages due to size are small, but are substantial from diversity. Returns to scale average from 1.13 to 1.40, while returns to scope average from 70% to 100%. |
主题 | Financial Economics ; Financial Institutions ; Microeconomics ; Households and Firms |
URL | https://www.nber.org/papers/w3979 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561319 |
推荐引用方式 GB/T 7714 | Jeffrey I. Bernstein. Information Spillovers, Margins, Scale and Scope: With an Application to Canadian Life Insurance. 1992. |
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