Discussions on the effects of the recent deregulation of Québec trucking industry are not unanimous. Some argue that deregulation will reduce competition because there are potential scale economies while others argue that the industry is characterized by constant returns to scale. In this paper...

[fre] Progrès technique et croissance de la productivité : estimations sur un panel incomplet de firmes ayant . des qualités de production différentes par Georges Dionne et Robert Gagné . Dans cet article, nous proposons une méthodologie permettant l'estimation du progrès technique avec...

Risk management is now present in many economic sectors. This paper investigates the role of risk management in creating value for financial institutions by analyzing U.S. property-liability insurers. Property-liability insurers are financial intermediaries whose primary roles in the economy are...

In the first part of the article we present an update of Gagné and Dionne (1988) results. We show that trucking industries in Quebec and Ontario had a cost structure, during the period 1981-1988, that corresponds to a competitive industry; this justifies the recent deregulation moves. The...

Purchasing reinsurance reduces insurers’ insolvency risk by stabilizing loss experience, increasing capacity, limiting liability on specific risks, and/or protecting against catastrophes. Consequently, reinsurance purchase should reduce capital costs. However, transferring risk to reinsurers...

Corporate finance theory predicts that firms’ characteristics affect agency costs and hence their efficiency. Cummins et al (2006) have proposed a cost function specification that measures separately insurer efficiency in handling risk pooling, risk management, and financial intermediation...

Corporate finance theory predicts that firms' characteristics affect agency costs and hence their efficiency. Cummins et al. (2006) have proposed a cost function specification that measures separately insurer efficiency in handling risk pooling, risk management, and financial intermediation...

Insurance fraud is now recognized as a significant resourceallocation problem in many markets. The object of this study is to verify how straight deductible contracts may affect the equilibrium level of falsification in automobile insurance. This type of contract is observed in many markets,...

Risk management is now present in many economic sectors. This paper investigates the role of risk management in creating value for financial institutions by analyzing U.S. property-liability insurers. Property-liability insurers are financial intermediaries whose primary role in the economy is...