Market Structure And Banking Production Economies: Evidence From The 1980s Deregulation
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Keywords
market structure, banking production, 1980's deregulation
Abstract
This study examines the changes in the cost structure of banking firms using data from pre and post deregulation periods. A translog cost function is utilized for the analyses of economies of scale and scope. The results indicate that the average cost curves, although U-shaped flattened over time, resulting in an increase in optimal bank size. Economies of scope that existed prior to deregulation appears to be exhausted in a more nonconstrained environment.
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