Cummins, John David; Xie, Xiaoying - 2011 - This draft: December 30, 2011
The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry … firms, stock insurers, and insurance groups were more likely to achieve efficiency and productivity gains. Higher technology …. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The …