Chen, Lih-Ru; Lai, Gene C; Wang, Jennifer L - In: The Geneva Risk and Insurance Review 36 (2011) 1, pp. 1-35
This study investigates whether the conversion of U.S. property-liability insurers improves their efficiency performance before and after the conversion. We estimate relative efficiency of converting insurers and control insurers using data envelopment analysis. The Malmquist analysis is also...