Production efficiency in the Austrian Insurance industry : a bayesian examination

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Collection: Articles

Title: Production efficiency in the Austrian Insurance industry : a bayesian examination / Karl C. Ennsfellner, Danielle Lewis, Randy I. Anderson

Notes: 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.

Related records: En: The Journal of risk and insurance. - Orlando. - Volume 71, number 1, March 2004 ; p. 135-159

Secondary titles: Título: The Journal of risk and insurance

Other categories: 219

Rights: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/