Libro general cost structure analysis De sarkis

Formato

Libro Físico

Editorial

springer publishing map

Autor

sarkis

Idioma

Inglés

N° páginas

136

ISBN

0792386272

ISBN13

9780792386278

Categorías

Banca

general cost structure analysis

Sarkis (Autor) · springer publishing map · Libro Físico

Sin Stock

Reseña del libro "general cost structure analysis"

the subject of general cost structure analysis is the quantitative analysis of cost structures with a minimum of a priori assumptions on firm technology and on firm behaviour. the study develops an innovative line of attack building on the primal characterisation of the firms generalised shadow cost minimisation program. the resulting flexible cost model (fcm) is highly conducive to modern panel data techniques and allows for a flexible specification not only of firm technology but also of firm behaviour, as shadow prices can be made input-, time- and firm-specific. fcm is applied to a panel dataset on several hundred of the largest banking institutions in the g-5 (france, germany, japan, united kingdom, united states) in the 1989-1996 period. the main empirical results are summarised. in particular, fcm provides new insights into the existence of scale economies in banking and an assessment of the extent of excess labour in the g-5 banking industries, particularly as a consequence of labour market rigidities in a context of rapidly declining technology prices. fcm also provides an evaluation of the sources of the cost advantage of american and british banks in comparison to continental european banks.