Effects of the single market on the Austrian insurance industry

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractThe integration of European services markets and the associated deregulation measures open up formerly segmented markets to competition from the Single Market. The purpose of this study is to propose a method of measuring the effects of liberalization on technical efficiency, the existence of economies of scale and diversification, and the dynamic development of productivity for the insurance industry. As an example we construct efficiency frontiers for the years 1992 through 1996 for the Austrian insurance industry using a Data Envelopment Analysis. The results provide yardsticks for efficiency comparisons from a consumer perspective and can be used to construct a Malmquist productivity index for the transition period.

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“…with the gain from FDI in equation (3). However, in an energy market integration both (3) and (7) share a common energy cost e emi .…”

“…Energy Market Intergrations (EMIs), as such, have a number of economic impacts [3]; not least on foreign direct investment (FDI). This link between energy and FDI is well documented in the literature.…”

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“…In the case when using 1  λ in equation (5) we have a variable return to scale model (VRS) (Mahlberg, Url, 2003). Scale efficiency measures the distance between the frontier under VRC and CRS technology.…”

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“…∨ ∨ ∨ 점포 수 박상만 [5] ∨ ∨ ∨ 홍봉영, 정요섭 [11] ∨ ∨ 점포 수 정세창,이정한 [9] ∨ ∨ 물리적자본 김정인 [2] ∨ ∨ 대리점 수 Fecher et al [25] ∨ 기타비용 Cummins et al [20] ∨ 신계약 노동비, 유지 노동비,고정자본 Fukuyama [26] ∨ ∨ 부동산 Cummins and Zi [21,22] ∨ ∨ 재료 Cummins et al [19] ∨ ∨ ∨ 비즈니스서비스 Mansor and Radam [30] ∨ 지불청구액,수수료,경비,기타비용 Worthington and Hurley [32] 노동관련 비용의 합, 정보기술비용, 물적 비용, 이자비용 Cummins and Rubio-Misas [17] ∨ ∨ ∨ ∨ Cummins et al [18] ∨ ∨ ∨ Diacon et al [23] ∨ 연초의 총자본, 연초의 준비금, 연초의 차용금 Hardwick et al [27] ∨ 사무실 평방 미터당 비용 Mahlberg and Url [29] 유지비와판매비, 자본관리비용 Ennsfellner et al [24] ∨ ∨ 재보험의 지급준비금 Leverty et al [28] ∨ ∨ ∨ Tone and Sahoo [31] ∨ ∨ ∨ 설계사 수수료 …”