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Export Reference (APA) 
Brito, D., Pereira, P., Pereira, P. & Ramalho, J. J. S. (2013). Mergers, coordinated effects and efficiency in the Portuguese non-life insurance industry. International Journal of Industrial Organization. 31 (5), 554-568
Export Reference (IEEE) 
D. Brito et al.,  "Mergers, coordinated effects and efficiency in the Portuguese non-life insurance industry", in Int. Journal of Industrial Organization, vol. 31, no. 5, pp. 554-568, 2013
Export BibTeX 
@article{brito2013_1765610928399,
	author = "Brito, D. and Pereira, P. and Pereira, P. and Ramalho, J. J. S.",
	title = "Mergers, coordinated effects and efficiency in the Portuguese non-life insurance industry",
	journal = "International Journal of Industrial Organization",
	year = "2013",
	volume = "31",
	number = "5",
	doi = "10.1016/j.ijindorg.2013.10.001",
	pages = "554-568",
	url = "http://www.sciencedirect.com/science/article/pii/S0167718713000908"
}
Export RIS 
TY  - JOUR
TI  - Mergers, coordinated effects and efficiency in the Portuguese non-life insurance industry
T2  - International Journal of Industrial Organization
VL  - 31
IS  - 5
AU  - Brito, D.
AU  - Pereira, P.
AU  - Pereira, P.
AU  - Ramalho, J. J. S.
PY  - 2013
SP  - 554-568
SN  - 0167-7187
DO  - 10.1016/j.ijindorg.2013.10.001
UR  - http://www.sciencedirect.com/science/article/pii/S0167718713000908
AB  - We evaluate the impact on market power and efficiency of a series of mergers on three Portuguese non-life insurance markets. We specify and estimate, with a panel of firm-level data, a structural model which includes: preferences, technology, and a market equilibrium condition. Firms' demand curves are not very elastic. Firms' technologies exhibit scale and scope economies and high cost efficiency scores. We find that, for the period following the mergers, there is no evidence of: (i) an increase in market power through coordinated behavior, or (ii) changes in cost efficiency levels. In addition, social welfare increased.
ER  -