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Long-run cost functions for electricity transmission

Rosellón, Juan; Vogelsang, Ingo; Weigt, Hannes - 2010

Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship...

Persistent link: https://www.econbiz.de/10010285531

Production smoothing and the shape of the cost function

Galeotti, Marzio; Guiso, Luigi; Sack, Brian; … - 1997

We present estimates of inventory models based on firm level panel data and investigate whether over-simplified specification of the production technology may account for the frequent failure to find technological incentives to smooth production in the context of the standard linear-quadratic...

Persistent link: https://www.econbiz.de/10011608286

The cost efficiency of German banks: a comparison of SFA and DEA

Koetter, Michael; Karmann, Alexander; Fiorentino, Elisabetta - 2006

parametric methods. Thus, the implicit assumption of serial independence of bank production in most methods has an important …

Persistent link: https://www.econbiz.de/10010295917

Estimating Economies of Scale and Scope with Flexible Technology

Triebs, Thomas; Saal, David S.; Arocena, Pablo; … - 2012

Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...

Persistent link: https://www.econbiz.de/10010312125

Imposing and testing curvature conditions on a Box-Cox function

Koebel, Bertrand M.; Falk, Martin; Laisney, François - 2000

We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...

Persistent link: https://www.econbiz.de/10010297734

Unobserved heterogeneous effects in the cost efficiency analysis of electricity distribution systems

Agrell, Per J.; Farsi, Mehdi; Filippini, Massimo; … - 2013

The purpose of this study is to analyze the cost efficiency of electricity distribution systems in order to enable regulatory authorities to establish price- or revenue cap regulation regimes. The increasing use of efficiency analysis in the last decades has raised serious concerns among...

Persistent link: https://www.econbiz.de/10011753235

Do Bank Mergers Affect Federal Reserve Check Volume?

Stavins, Joanna - 2004

by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank … two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter following the … additional check-processing volume because of bank mergers. …

Persistent link: https://www.econbiz.de/10010263334

Bank competition, asset allocations and risk of failure: An empirical investigation

Boyd, John; De Nicolò, Gianni; Jalal, Abu M. - 2010

This study is an empirical investigation of theoretical predictions concerning the impact of bank competition on bank … banking increases, the loan-to-asset ratio will rise (under reasonable assumptions), but the probability of bank failure can … either increase or decrease. However, the probability of bank failure will fall if and only if borrowers' response to take on …

Persistent link: https://www.econbiz.de/10010274944

Will the Adoption of Basel II Encourage Increased Bank Merger Activity? Evidence from the United States

Hannan, Timothy H.; Pilloff, Steven J. - 2005

This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...

Persistent link: https://www.econbiz.de/10011689918

Trends in Competition and Profitability in the Banking Industry: A Basic Framework

Bikker, Jacob A.; Bos, Jaap W.B. - 2005

bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank …

Persistent link: https://www.econbiz.de/10011689919