The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry … significant gains in total factor productivity, and there is an upward trend in scale and allocative efficiency. More diversified …. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The …

Productivity and efficiency analyses have been indispensable tools for evaluating firms’ performance in the banking … illustrate our proposed approach and estimate the Returns to Scale, the Total Factor Productivity and the Technical Efficiency in … priori imposition of the theoretical properties dictated by production theory, globally. Previous work has proposed and …