Production efficiency in the Austrian Insurance industry : a bayesian examination

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<title>Production efficiency in the Austrian Insurance industry</title>
<subTitle>: a bayesian examination</subTitle>
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<title>The Journal of risk and insurance</title>
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<namePart>Ennsfellner, Karl C.</namePart>
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<namePart>Lewis, Danielle</namePart>
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<namePart>Anderson , Randy I.</namePart>
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<abstract>This paper examines the developments in the production efficiency of the Austrian insurance market for the period 1994-1999 using firm-specific data on life-health and non life insurers obtained from the Austrian insurance regulatory authority. The article uses a Bayesian Stochastic frontier to obtain aggregate and firm-specific estimates of production efficiency across insurer types and time. The study provides strong evidence that the process of deregulation had positive effects on the production efficiency of Austrian insurers. </abstract>
<note type="statement of responsibility">Karl C. Ennsfellner, Danielle Lewis, Randy I. Anderson</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603151">
<topic>Producción de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603120">
<topic>Procesos estocásticos</topic>
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<geographic>Austria</geographic>
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<title>The Journal of risk and insurance</title>
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<publisher>Orlando</publisher>
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<identifier type="local">MAP20077000727</identifier>
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<text>Volume 71, number 1, March 2004 ;  p. 135-159</text>
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