Household economies of scale arise when households with multiple members share public goods, making larger households better o¤ at lower per capita expenditures. Research into household scale economies has not considered how household economies of scale have changed over time. I use American household expenditure surveys, covering 1888 to 1935, to produce the …rst comparable historical estimate...

although economists and entrepreneurs had been aware of the impact of economies of scale on average cost, no comprehensive theory was introduced until 1950s. economies of scale is used by economist as a practical measure for evaluating the extent of competition (monopoly) in real markets. there are two primary aims of this paper: 1) to introduce theoretical aspects of economies of scale, 2) to ...

In this study, we use Stochastic Frontier analysis approach to estimate cost efficiency, economies of scale, and technological progress among Iranian banks from 1999 to 2012. The results show that there is a marked difference in cost efficiency before and after the recent financial sanctions against Iranian banking industry. Moreover, the results indicate that specialized government-owned banks...

A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand deposits. From the standpoint of theory in the tradition of Diamond and Dybvig (1983) and Green and Lin (2003), it is surprisingly diffi cult to generate bank panic equilibria if one allows for a plausible degree of contractual flexibility. A common assumption employed in the st...

market structure is one of the most important characteristics of every industry. although, there exist different indices such as concentration, economies of scale, entry of firms, product differentiation, etc. for the evaluation of market structure, but most of the studies in the subject have used only one of these indices (usually concentration). in this study, by application of fuzzy inferenc...

Article history: Received 18 September 2014 Received in revised form 24 September 2014 Accepted 15 October 2014 Available online 20 October 2014 This paper investigates product-specific scale economies of banks with respect to off-balance sheet operations. The cost benefits from the non-separability of outputs available to banks that imply the role of OBS activities on bank scale economies are ...

Economies of Scale in European Manufacturing Revisited* We test for internal and external economies of scale in European manufacturing, employing a more disaggregated data set than has been used in earlier analyses. We aim to separate externalities from common business cycle effects. Fifteen European manufacturing industries in France, Germany, Italy and the UK are analysed. We focus on economi...