Recent multi-product statistical studies of production in life insurance industries in North America and the UK have produced mixed findings with regard to economies of scale and scope. This study presents results for the life insurance industry in New Zealand, which has a small economy where...

This article examines the empirical performance of alternative frontier estimators' ability to replicate a known underlying technology and economic measures such as multi-product and product-specific economies of scale, and economies of scope. A cross sectional Monte Carlo procedure to simulate...