Competition and efficiency in the Dutch life insurance industry

Applied Economics

Volumn 40, Issue 16, 2008, Pages 2063-2084

  Bikker, J A ^a   van Leuvensteijn, M ^b  

^a DE NEDERLANDSCHE BANK   (Netherlands)

^b CPB NETHERLANDS BUREAU FOR ECONOMIC POLICY ANALYSIS   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDY; DEMAND ANALYSIS; ECONOMETRICS; FINANCIAL POLICY; INDUSTRIAL COMPETITION; INSTITUTIONAL FRAMEWORK; INSURANCE INDUSTRY; OLIGOPOLY;

BENELUX; EURASIA; EUROPE; NETHERLANDS; WESTERN EUROPE;

EID: 48549088069     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036840600949298     Document Type: Article

References (40)

1. Aigner, DJ, Lovell, CAK and Schmidt, P. (1977) Formulation and estimation of stochastic frontier production function models. 6, pp. 21-37.
2. Altunbas, Y., Gardener, EPM, Molyneux, P. and Moore, B. (2000) Efficiency in European banking. 45, pp. 1931-1955.
3. Battese, GE and Coelli, TJ (1992) Frontier production functions, technical efficiency and panel data: With applications to paddy farmers in India. 3, pp. 153-169.
4. Battese, GE and Coelli, TJ (1993)
5. Battese, GE and Coelli, TJ (1995) A model for technical inefficiency effects in a stochastic frontier production function for panel data. 20, pp. 325-332.
6. Battese, GE and Corra, GS (1977) Estimation of a production frontier model: With application to the pastoral zone of Eastern Australia. 21, pp. 169-179.
7. Baumol, WJ, Panzar, JC and Willig, RD (1982) Harcourt Brace Jovanovich, San Diego
8. Berger, AN and Humphrey, DB (1997) Efficiency of financial institutions: international survey and directions for future research. 98, pp. 175-212.
9. Berger, AN, Hunter, WC and Timme, SG (1993) The efficiency of financial institutions: A review and pPeview of research: past, present and future. 17, pp. 221-249.
10. Berger, AN and Mester, LJ (1997) Inside the black box: What explains differences in the efficiencies of financial institutions. 21, pp. 895-947.
11. Bikker, JA (2004) Edward Elgar, Chetterham
12. Bikker, JA and Bos, JWB (2005)
13. Bikker, JA and Haaf, K. (2002) Measures of competition and concentration in the banking industry: A review of the literature. 9, pp. 5-98.
14. Bikker, JA, Bos, JWB and Goldberg, LG (2007) The efficiency and productivity of European insurance firms: What matters most for whom?. De Nederlandsche Bank
15. Boone, J. (2001) Intensity of competition and the incentive to innovate. 19, pp. 705-726.
16. Boone, J. (2004)
17. Boone, J., Griffith, R. and Harrison, R. (2004)
18. Bos, JWB and Kolari, JW (2005) Large bank efficiency in Europe and the United States: Are there economic motivations for geographic expansion in financial services?. 78, pp. 1-39.
19. CEDA (2004) European Insurance in Figures.
20. Claessens, S. and Laeven, L. (2004) What drives banking competition? Some international evidence. 36, pp. 563-584.
21. CPB (2000) Measuring competition: How are cost differentials mapped into profit differentials?, Working Paper No. 131.The Hague
22. CPB (2003) The Hague
23. CPB (2005) The Hague
24. Creusen, H., Minne, B. and van der Wiel, H. (2004)
25. Creusen, H., Minne, B. and van der Wiel, H. (2006)
26. Cummins, JD and Weiss, MA (2000) Analyzing firm performance in the insurance industry using frontier efficiency and productivity methods. Kluwer Academic Boston
27. Fecher, F. and Pestieau, SP (1991) Scale economies and performance in the French insurance industry. 16, pp. 315-326.
28. Fecher, F., Kessler, D., Perelman, S. and Pestieau, P. (1993) Productive performance of the French insurance industry. 4, pp. 73-93.
29. Grace, MF and Timme, SG (1992) An examination of cost economies in the US life insurance industry. 59, pp. 72-103.
30. Group of Ten (2001)
31. Hauner, D. (2005) Explaining efficiency differences among large German and Austrian banks. 37, pp. 969-980.
32. Hirschhorn, R. and Geehan, R. (1977) Measuring the real output of the life insurance industry. 59, pp. 211-219.
33. Jorgenson, DW (1986) Econometric methods for modeling producer behaviour. pp. 1842-1905. Elsevier Science Publishers BV
34. Kamerschen, D. (2004) A mnemonic for the major factors influencing the likelihood of collusion. 36, pp. 1021-1024.
35. Kasman, A. and Yildirim, C. (2006) Cost and profit efficiencies in transition banking: The case of new EU Members. 38, pp. 1079-1090.
36. Leibenstein, H. (1966) Allocative efficiency versus X-efficiency. 56, pp. 392-415.
37. Lozano-Vivas, A. (1998) Efficiency and technical changes for Spanish banks. 8, pp. 289-300.
38. Meeusen, W. and van den Broeck, J (1977) Efficiency estimation from Cobb-Douglas production functions with composed error. 18, pp. 435-444.
39. Resti, A. (1997) Evaluating the cost-efficiency of the Italian banking system: What can be learnt from the joint application of parametric and non-parametric techniques. 21, pp. 221-250.
40. Schmidt, P. and Lovell, CAK (1979) Estimation technique and allocative inefficiency relative to stochastic production and cost functions. 9, pp. 343-366.