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to efficient ones,our results suggest that efficiency is the mechanism through which competition contributes to insurer …
Persistent link: https://www.econbiz.de/10012969026
This paper contributes to the existing literature by examining the efficiency and competitiveness of the Takaful … insurance. We employ the Data Envelopment Analysis (DEA) to compute the efficiency of Takaful operators, while Panzar-Rosse (P … to estimating provisions for outstanding claims, as this factor is negatively influencing the efficiency of Takaful …
Persistent link: https://www.econbiz.de/10012174895
supervisory data set, this paper investigates competition and efficiency in the Dutch life insurance market by estimating unused … scale economies and measuring efficiency-market share dynamics during 1995-2010. Large unused scale economies exist for …
Persistent link: https://www.econbiz.de/10014163649
efficiency, as measured by the proficiency rates on high-stakes examinations. It is anticipated that the current results will …
Persistent link: https://www.econbiz.de/10010869482
relationships between corporate competitiveness strategy, innovation, efficiency, productivity growth and outsourcing to be … analysis. Third, stochastic frontier production function and factor productivity analysis are used to estimate the efficiency …
Persistent link: https://www.econbiz.de/10005190437
This paper explores the empirical effects of competition on technical efficiency in the context of electricity industry … were for the most part unaffected by restructuring, experienced the smallest efficiency gains over the past decade …
Persistent link: https://www.econbiz.de/10005647381
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real effective exchange rates, but differ from standard measures in...
Persistent link: https://www.econbiz.de/10012779161
The stable growth of Indonesia’s economy over the past eight years has provided momentum for investment in the country. One of the approaches taken by the central government is to allow healthy competition between its provinces. The Asia Competitiveness Institute (ACI) responds positively to...
Persistent link: https://www.econbiz.de/10014038238
The paper analyzes the effect of competition between credit rating agencies (CRAs) on the information content of ratings. We show that a monopolistic CRA pools sellers into multiple rating classes and has partial market coverage. This provides an opportunity for market entry. The entrant designs...
Persistent link: https://www.econbiz.de/10010593829
There is a general presumption that competition is a good thing. In this paper we show that competition in the insurance markets can be bad and that adverse selection is in general worse under competition than under monopoly. The reason is that monopoly can exploit its market power to relax...
Persistent link: https://www.econbiz.de/10010930934