A Survivor Test of the American Agency System of Distributing Property Liability Insurance |
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Authors: | Roger D. Blair Jill B. Herndon |
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Affiliation: | Department of Economics , University of Florida , Gainesville, FL, 32611, USA |
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Abstract: | In earlier work byjoskow and by Cummins and VanDerhei, the American Agency system of distribution has been deemed inefficient, i.e. excessively costly. We test this in a natural way by examining whether the system survives in competition with more efficient systems. We find that it survives, but is in steady decline. |
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Keywords: | Insurance Survivor principle JEL classifications:G22,L22,M21 |
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