Cookies?
Library Header Image
LSE Research Online LSE Library Services

Firm size distribution: testing the "independent submarkets model" in the Italian motor insurance industry

Buzzacchi, Luigi and Valletti, Tommaso (1999) Firm size distribution: testing the "independent submarkets model" in the Italian motor insurance industry. EI, 24. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.

[img]
Preview
PDF
Download (357kB) | Preview
Identification Number: 24

Abstract

This paper tests the presence of multiple independent submarkets in the Italian motor insurance industry. Independence is motivated by administrative boundaries among provinces and by further locational reasons. We find that the independence effects are sufficient to induce a minimum degree of inequality in the size distribution of firms once submarkets are aggregated. These results are fully consistent with the predictions of Sutton (1998). We also show that the degree of skewness in the firms size distribution is related to characteristics such as the population living in an area, its density and the riskiness of a submarket.

Item Type: Monograph (Discussion Paper)
Official URL: http://sticerd.lse.ac.uk
Additional Information: © 1999 Luigi Buzzacchi and Tommaso Valetti
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Date Deposited: 09 Jul 2008 08:10
Last Modified: 22 Jan 2013 14:24
URI: http://eprints.lse.ac.uk/id/eprint/6749

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics