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Life insurer efficiency and state regulation: evidence of optimal firm behavior


  • Steven Pottier



No abstract is available for this item.

Suggested Citation

  • Steven Pottier, 2011. "Life insurer efficiency and state regulation: evidence of optimal firm behavior," Journal of Regulatory Economics, Springer, vol. 39(2), pages 169-193, April.
  • Handle: RePEc:kap:regeco:v:39:y:2011:i:2:p:169-193
    DOI: 10.1007/s11149-010-9139-7

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    References listed on IDEAS

    1. Cummins, J. David & Tennyson, Sharon & Weiss, Mary A., 1999. "Consolidation and efficiency in the US life insurance industry," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 325-357, February.
    2. J. Cummins & Hongmin Zi, 1998. "Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry," Journal of Productivity Analysis, Springer, vol. 10(2), pages 131-152, October.
    3. Steven Pottier & David Sommer, 2002. "The Effectiveness of Public and Private Sector Summary Risk Measures in Predicting Insurer Insolvencies," Journal of Financial Services Research, Springer;Western Finance Association, vol. 21(1), pages 101-116, February.
    4. Berger, Allen N & Cummins, J David & Weiss, Mary A, 1997. "The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance," The Journal of Business, University of Chicago Press, vol. 70(4), pages 515-546, October.
    5. Berger, Allen N. & Cummins, J. David & Weiss, Mary A. & Zi, Hongmin, 2000. "Conglomeration versus Strategic Focus: Evidence from the Insurance Industry," Journal of Financial Intermediation, Elsevier, vol. 9(4), pages 323-362, October.
    6. David Cummins, J. & Sommer, David W., 1996. "Capital and risk in property-liability insurance markets," Journal of Banking & Finance, Elsevier, vol. 20(6), pages 1069-1092, July.
    7. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    8. L. Lee Colquitt & David W. Sommer, 2003. "An Exploratory Analysis of Insurer Groups," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 6(2), pages 83-96, September.
    9. Cook, Wade D. & Seiford, Larry M., 2009. "Data envelopment analysis (DEA) - Thirty years on," European Journal of Operational Research, Elsevier, vol. 192(1), pages 1-17, January.
    10. Richard D. Phillips & J. David Cummins & Franklin Allen, 1996. "Financial Pricing of Insurance in the Multiple Line Insurance Company," Center for Financial Institutions Working Papers 96-09, Wharton School Center for Financial Institutions, University of Pennsylvania.
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    Cited by:

    1. Jacob A. Bikker, 2016. "Performance of the Life Insurance Industry Under Pressure: Efficiency, Competition, and Consolidation," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 19(1), pages 73-104, March.

    More about this item


    Life insurance; State regulation; Efficiency; D22; G22; L51;

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation


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