Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/163473 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
SUERF Studies No. 2006/3
Verlag: 
SUERF - The European Money and Finance Forum, Vienna
Zusammenfassung: 
We examine whether the European settlement institutions are technically efficient. This is done by means of estimating a translog cost function, and investigating whether scale economies are fully exploited. Since the sample is quite heterogeneous, fixed effects regression is introduced. From the results obtained, there clearly are economies of scale in this industry throughout all output ranges. This implies that further consolidation in this industry probably is ahead.
Schlagwörter: 
Technical Efficiency in Settlement and Safekeeping
Estimating Cost Functions on Panel Data
Sample Heterogeneity and Fixed Effects
JEL: 
C8
D2
G2
L8
ISBN: 
978-3-902109-33-0
Dokumentart: 
Research Report

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