TRANSACTION COSTS AND TARIFF POLICY IN THE INSURANCE MARKET

Author

, professor, Kharkiv, Pushinska, 77
ORCID ID: 0000-0002-0876-8861

In heading

Economic theory;

Signed print

24.05.2013

Issues number

2013 - № 3 (14)

Page

14-21

Type of articles

Scientific article

Code UDK

368:339

ISSN print

2218-8010

Abstract

Based on the tools of institutional theory of the infl uence of transaction costs, which are defi ned explicit transaction costs (costs of search, acquisition and archiving of information; the costs of the acquisition and consolidation of rights of ownership of insurance; costs protection of property rights of subjects of insurance
relations) and implicit transaction costs (the costs of the use of incorrect or misleading information, which lead to losses, the loss of the invested assets, falling of demand for insurance services), — on the tariff policy of insurance companies; allocated and systematized the preconditions for their growth (administrative-bureaucratic system of creating and licensing of insurance companies, the collection and submission of documents on receiving the insurance indemnity; low level of trust in the implementation of the insurance companies of their obligations in the absence of guarantees legal protection of the insured; an unstable exchange rate, resulting in a depreciation of the assets of insurers, weakness in the implementation of the rights of property and insurance legislation, which does not allow for the liability of the insurer).

Keywords

Insurance, insurance market, tariff rate tariff policy

Reviewer

External reviewer

Article in PDF

3 14-21

Bibliography

none

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02.04.2013