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2008
The paper examines technical efficiency and economies of scale and scope in the UK property-liability insurance industry over the sample period of 1985-2003 using stochastic cost frontier analysis. Stochastic frontier model for panel data are utilized to explore the relationships between firm size, technical efficiency, scale and scope economies.
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The paper examines technical efficiency and economies of scale and scope in the UK property-liability insurance industry over the sample period of 1985-2003 using stochastic cost frontier analysis. Stochastic frontier model for panel data are utilized to explore the relationships between firm size, technical efficiency, scale and scope economies.
openaire +1 more source