Do Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks

Material TypeArticleLanguageEnglish
TitleDo Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks Author(S)DAVID C WHEELOCK (Author)
Abstract  banks;returns to scale;scale economies;nonparametric;regression This paper presents new, fully nonparametric estimates of ray-scale and expansion-path scale economies for U.S. banks based on a model of bank costs. Unlike prior studies that use models with restrictive parametric assumptions or limited samples, our methodology uses local polynomial estimators and data on all U.S. banks over the period 1984–2006 ...Paginationp171–199
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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