Screening In Insurance Market With Monopolist
" During a hard market, rates climb and insurance is harder to find than during a soft market, when more insurance agencies are competing for business and rates drop. However, there are two markets to consider when searching for cheap car insurance--the hard market, or the "seller's market," and the soft market, or the "buyer's market. In order to determine whether or not a hard or soft market is in progress, simply pay attention to what's going on with insurance companies. So how can they achieve that goal? Well, a raw search
