Economics, Econometrics and Finance
8 years ago

Innovative insurance companies in China break free from price competition trap.

Economic Survey
A Game Analysis of Going out of Sole Price Competition in China’s Insurance Market under the Change of Economic Development Pattern
MI Xiang-li

Paper Summary

The article analyzes China's insurance market using game theory. In the traditional market, competition is based on price due to similar insurance products. However, companies offering value-added services can stand out by continuously innovating their products.

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