management companies, we specify a hedonic translog cost function. Applying a fixed effects regression on a one-way error … component model there is clear evidence of significant overall economies of scale. On the level of individual mutual fund …

created data set. Each generic entrant is associated with an average 1% increase in the branded price. The one-way error … component model accounts for intermolecular competition, market segmentation, and endogeneity of entry and finds branded prices …