Lee, Chong G.; Hamwi, Iskander S.; Niroomand, Farhang - In: Journal of Insurance Issues 18 (1995) 2, pp. 80-97
This paper investigates the effect of the distribution system employed by direct writers on their cost effectiveness and market share in the property-liability insurance industry. A generalized translog multi-product cost function is estimated in order to test for economies of scale and...