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Production efficiency in the Austrian Insurance industry : a bayesian examination

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
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008  040524e20040301usa|||| | |00010|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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1001 ‎$0‎MAPA20080262822‎$a‎Ennsfellner, Karl C.
24510‎$a‎Production efficiency in the Austrian Insurance industry‎$b‎: a bayesian examination‎$c‎Karl C. Ennsfellner, Danielle Lewis, Randy I. Anderson
5208 ‎$a‎This 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.
65011‎$0‎MAPA20080586294‎$a‎Mercado de seguros
65011‎$0‎MAPA20080603151‎$a‎Producción de seguros
65011‎$0‎MAPA20080603120‎$a‎Procesos estocásticos
651 1‎$0‎MAPA20080637842‎$a‎Austria
7001 ‎$0‎MAPA20080138806‎$a‎Lewis, Danielle
7001 ‎$0‎MAPA20080245450‎$a‎Anderson , Randy I.
7404 ‎$a‎The Journal of risk and insurance
7730 ‎$t‎The Journal of risk and insurance‎$d‎Orlando‎$g‎Volume 71, number 1, March 2004 ; p. 135-159