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dc.contributor.advisorHoldredge, E. S.
dc.creatorSaba, Richard Paul
dc.description.abstractMost models concerning automobile insurance regulations lack the ability to empirically determine the relation between regulated and competitive insurance prices. The model developed in this study, by introducing a regulated profit constraint on the objective function of the firm overcomes the deficiencies of previous models by specifying a testable model of the relation between regulated and competitive prices in the automobile insurance industry. From the model, two propositions are set forth: (1) price for a given level of risk is greater in regulated states than in the competitive states, and (2) the marginal production cost is greater for a given level of risk in the regulated states than in the competitive states. Using premium and cost data supplied by the Insurance Service Office, the two propositions are empirically tested. The results of the empirical test support the two propositions.en
dc.format.extent109 leavesen
dc.rightsThis thesis was part of a retrospective digitization project authorized by the Texas A&M University Libraries. Copyright remains vested with the author(s). It is the user's responsibility to secure permission from the copyright holder(s) for re-use of the work beyond the provision of Fair Use.en
dc.subject.classification1974 Dissertation S113
dc.subject.lcshMechanical Engineeringen
dc.titleThe economic effects of regulated automobile insurance ratesen
dc.typeThesisen A&M Universityen of Philosophyen
dc.format.digitalOriginreformatted digitalen
dc.publisher.digitalTexas A&M University. Libraries

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