@article{oai:nagasaki-u.repo.nii.ac.jp:00007582,
 author = {Okura, Mahito},
 issue = {2},
 journal = {International Journal of Economics and Business Modeling},
 month = {Dec},
 note = {This article explores the vertical differentiation model in the insurance market. The main results are as follows. First, the equilibrium price differential is not a linear function of the highest quality valuation (accident probability) and the maximum and minimum quality differentials. Second, a high quality insurance firm does not always receive greater equilibrium expected profit, even if its average cost is the same as that of a low-quality insurance firm. Finally, a change in the highest quality valuation has an ambiguous effect on the equilibrium expected profit differential., International Journal of Economics and Business Modeling, 1(2), pp.12-14; 2010},
 pages = {12--14},
 title = {The Vertical Differentiation Model in the Insurance Market},
 volume = {1},
 year = {2010}
}