Barros, Pedro Pita2019-10-312019-10-311994-01-04Barros, Pedro Pita, Entry Liberalization and Market Conduct in Insurance (January, 1994). FEUNL Working Paper Series No. 213http://hdl.handle.net/10362/85985The effects of rate regulation on insurance have been profusely investigated in the empirical literature but less is known about the effects of entry liberalization. We investigate the effects of an entry liberalization process on conduct of insurance firms, under a rate regulation system. An explicit model of oligopolistic interaction is proposed and an application is reported. The results show that coordination between insurance firms was only temporary upset by a gradual liberalization on entry conditions, with firms resuming almost immediately a coordinated equilibrium.engworking paper