Ownership Structure and Distribution Systems in Property-Liability Insurance

J. R. Garven and Montserrat Guillen

Working Papers from Risk and Insurance Archive

Abstract: To date, the organizational structure literature has treated the ownership structure and distribution system aspects of organizational design independently of each other. We believe that a more complete and empirically better specified model should consider both aspects of organizational design jointly. In this paper, we study the determinants of organizational structure using a modeling framework that jointly endogenizes the choices of ownership structure and distribution system.

Keywords: direct writer; independent agents; bivariate probit (search for similar items in EconPapers)
Date: 1995-08
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Persistent link: https://EconPapers.repec.org/RePEc:wop:riskar:009

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