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Market structure and the efficiency of European insurance companies: A stochastic frontier analysis

✍ Scribed by Paul Fenn; Dev Vencappa; Stephen Diacon; Paul Klumpes; Chris O’Brien

Book ID
116615084
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
247 KB
Volume
32
Category
Article
ISSN
0378-4266

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This paper has two purposes. The first purpose is methodological and aims to extend previous work on efficiency analysis by implementing a multiple-output stochastic ray frontier production function model. This model generalizes the single-output stochastic frontier model to multiple-input, multiple