|
EconStor >
Universität Rostock >
Institut für Volkswirtschaftslehre, Universität Rostock >
Thünen Series of Applied Economic Theory, Universität Rostock >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/39746
|
| | |
| Title: | | Does signaling work in markets for information services? An empirical investigation for insurance intermediaries in Germany  |
| Authors: | | Eckardt, Martina |
| Issue Date: | | 2007 |
| Series/Report no.: | | Thünen-series of applied economic theory 77 |
| Abstract: | | Insurance intermediation services are information services which exhibit strong information asymmetries. We empirically analyze whether signaling works in the German market for insurance intermediation services. For this a signal must increase service quality and be easily identifiable by consumers so that it pays for intermediaries to spend the related costs. By using OLS and logit estimations we test whether intermediary type, reputational activities and a variety of signaling instruments work as credible signals. Our findings confirm the main hypotheses derived from signaling theory as to the poor working of market forces in markets for information services. Accordingly, public policy regulation is necessary to mitigate the resulting problems. |
| Subjects: | | signaling insurance intermediation information services |
| JEL: | | D82 G22 L15 L86 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Thünen Series of Applied Economic Theory, Universität Rostock
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/39746
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|