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Production efficiency in the Austrian Insurance industry : a bayesian examination
Recurso electrónico / electronic resource
MAP20071505335
Ennsfellner, Karl C. ‌
Production efficiency in the Austrian Insurance industry : a bayesian examination / Karl C. Ennsfellner, Danielle Lewis, Randy I. Anderson
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.
En: The Journal of risk and insurance. - Orlando. - Volume 71, number 1, March 2004 ; p. 135-159
1. Mercado de seguros ‌. 2. Producción de seguros ‌. 3. Procesos estocásticos ‌. 4. Austria ‌. I. Lewis, Danielle ‌. II. Anderson , Randy I. ‌. III. Title. IV. Título: The Journal of risk and insurance.