Effects of the Single Market on the Austrian Insurance Industry

Arbeitspapier

The 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIFO Working Papers ; No. 97

Classification and Topics

• Classification: Wirtschaft ; Regulation and Industrial Policy: General ; Insurance; Insurance Companies; Actuarial Studies ; Semiparametric and Nonparametric Methods: General
• Subject: European Integration ; Insurance Industry ; Data Envelopment Analysis ; Versicherung ; Österreich

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mahlberg, Bernhard ; Url, Thomas
• Event: Veröffentlichung
• (who): Austrian Institute of Economic Research (WIFO)
• (where): Vienna
• (when): 1998

Further information

• Handle: http://hdl.handle.net/10419/128658
• Last update: 10.03.2025, 11:44 AM CET