Ennsfellner, Karl C.; Lewis, Danielle; Anderson, Randy I. - In: Journal of Risk & Insurance 71 (2004) 1, pp. 135-159
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...