Production efficiency in the Austrian Insurance industry : a bayesian examination

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      <subfield code="a">Ennsfellner, Karl C.</subfield>
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      <subfield code="a">Production efficiency in the Austrian Insurance industry</subfield>
      <subfield code="b">: a bayesian examination</subfield>
      <subfield code="c">Karl C. Ennsfellner, Danielle Lewis, Randy I. Anderson</subfield>
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      <subfield code="a">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. </subfield>
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      <subfield code="a">Mercado de seguros</subfield>
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      <subfield code="a">Producción de seguros</subfield>
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      <subfield code="a">The Journal of risk and insurance</subfield>
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      <subfield code="t">The Journal of risk and insurance</subfield>
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      <subfield code="g">Volume 71, number 1, March 2004 ;  p. 135-159</subfield>
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