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2 edition of Economics of scale and scope in UK building societies found in the catalog.

Economics of scale and scope in UK building societies

Leigh Drake

Economics of scale and scope in UK building societies

an application of the translog multiproduct cost function

by Leigh Drake

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  • 34 Currently reading

Published by Loughborough University of Technology, Department of Economics in Loughborough .
Written in English


Edition Notes

StatementLeighDrake.
SeriesEconomics working paper series / Loughborough University of Technology, Department of Economics -- no.10, Economics working paper (Loughborough University of Technology, Department of Economics) -- no.10.
ID Numbers
Open LibraryOL13971401M

Economies of scope arise when unit costs are lower when a business produces a wider range of products rather than specialise in just one or a few products. Supermarkets (e.g. Tesco): the unit cost of selling a product is reduced by offering a wide variety of products in . Economies of scale are expressed by the following: 2c(q) > c(2q), where c(q) is the cost per unit of output and c(2q) the cost of double the output. Broadly speaking, economies of scale occur when all other things being equal, increasing outputs lead to a less than proportional increase in overall costs (that is, output costs per unit decrease).

An evaluation of the influence of the publication of the UK National Institute for Health and Care Excellence’s guidance on Hypertension in Pregnancy: a retrospective analysis of clinical practice Farrar, D., Tuffnell, D. & Sheldon, T. A., 30 Jan , (Accepted/In press) Article in BMC Pregnancy and Childbirth. Economies of Scale and Scope Web Resources * Economies of Scale and Scope Print Resources * Economies of Scale and Scope References (4 of up to 20) * Ang, J.S. and Lin, L.W. () A Fundamental Approach to Estimating Economies of Scale and Scope of Financial Products: The Case of Mutual Funds.

This book presents an analysis of the role of UK building societies, their strengths and weaknesses, and their contribution to the industry, at a time where public confidence in banking is low. Chapters present the results of an empirical analysis of the comparative performance of UK building societies, since the large-scale demutualisation.   The desire to garner economies of scope was the driving force behind the vast international conglomerates built up in the s and s, including BTR and Hanson in the UK and ITT in the United.


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Economics of scale and scope in UK building societies by Leigh Drake Download PDF EPUB FB2

The cost structure and nature of production in UK building societies is analysed. Unlike previous studies this investigation is carried out in a multiproduct framework by estimating a multiproduct translog cost function jointly with the associated input cost share equations.

In addition to the calculation of an aggregate measure of economies of scale, this also permits the estimation Cited by:   ().

Economies of scale in building societies. Applied Economics: Vol. 21, No. 10, pp. Cited by:   The economies of scale estimate of is a highly significant result as it suggests that the UK building society industry is characterised by very substantial economies of scale.

Furthermore, this level of scale economies greatly exceeds both those found in previous studies of UK building societies and the findings for financial institutions Cited by: Economies of scale in UK building societies: A re-appraisal using an entry/exit model.

which either estimate scale and scope economies with a given state of technology, or only analyse. Economies of Scale and Economies of Scope Differences.

Economies of scale are applied in businesses for a longer period of time and it takes place when an organization reaches a point where its cost of production starts to lower down and it basically happens in the cases of bulk production whereas economies of scope happens when an organization produces multiple.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This study advances an entry/exit model to analyse the scale efficiency of UK building societies. We find that there are considerable divergences across building societies in levels of scale efficiency and also in technological change during the sample period Economies of scale and scope in UK building societies: Applied Financial Economics Journal Identity.

Digital Object Identifier (DOI) /; Additional Document Info. Publisher. Informa UK Limited start page. end page. volume. The principal difference between economies of scale and economies of scope is the former represents the benefits received by increasing the scale of production while the latter refers to the benefits obtained due to producing multiple.

Clark, J A, (), Economies of scale and scope at depository financial institutions: A review of the literature,Federal Reserve Bank of Kansas City Economic Review, 16– Google Scholar 8.

The paper empirically quantifies firm specific 'distribution free' cost efficiency,\ud economies of scale and economies of scope in the UK building society sector between\ud Both a flexible Fourier and a translog functional form are employed with\ud an intermediation representation of depository institution production.

Defining Economies of Scale •Economies of scale = average cost (i.e. cost per unit of output) declines –i.e. “bigger is better” •If average cost is increasing, we call this diseconomies of scale •We don’t have a fancy name for constant average costs 3. The purpose of my book is to give an insight into economies of scale and economies of scope – two of the basic types of efficiency gains.

There are no legal nor economic papers presenting the basic economics underlying these fundamental types of efficiency gains in a way that is accessible to lawyers and the general : Magdalena Laskowska.

"Economies of scale in UK building societies: A re-appraisal using an entry/exit model," Journal of Banking & Finance, Elsevier, vol.

26(12), pages Esho, Neil & Sharpe, Ian G., " Long-run estimates of technological change and scale economies in a dynamic framework: Australian permanent building societies, ," Journal. economies of scale and economies of scope in the UK building society sector between Both a flexible Fourier and a translog functional form are employed with an intermediation representation of depository institution production.

Differences in the performance of these two functional forms are found. A broad distribution of cost. Cost efficiency, economies of scale and economies of scope in the British retail banking sector By John Ashton Bournemouth University No.

Bournemouth University, School of Finance & Law (Department of Accounting & Finance), Talbot Campus, Fern Barrow, Poole, Dorset. BH12 5BB. The concepts of economies of scope and economies of scale are at the heart of the issue of competition in healthcare. This report reviews the evidence on what drives economies of scope and scale in the provision of NHS services, focusing on A&E and associated hospital services.

Cost efficiency in UK building societies: A panel data study, Economies of scale and scope in European banking" (). Efficiency and mergers in the UK (retail) banking market” Institute of European Finance Working Paper, (). Efficiency in European Banking Chichester: John Wiley and ix 1 Partial derivatives of cost.

History in the United Kingdom. Building societies as an institution began in lateth century Birmingham - a town which was undergoing rapid economic and physical expansion driven by a multiplicity of small metalworking firms, whose many highly skilled and prosperous owners readily invested in property.

Many of the early building societies were based in taverns or. Economies of scale and scope. In: In Ferguson B, Sheldon T, Posnett J, editors, Concentration and choice in healthcare.

London: Royal Society of Medicine Press. Economy of scope and economy of scale are two different concepts used to help cut a company's costs. Economies of scope focuses on the average total cost of production of a variety of goods. Economies of scale are the cost advantages that a business can exploit by expanding their scale of production.

The effect of economies of scale is to reduce the average (unit) costs of production. There are many different types of economy of scale and depending on the particular characteristics of an industry, some are more important than others.Economies of Scale and Scope in UK Building Societies: An Application of the Translog Multiproduct Cost Function.

In March the UK Building Societies Commission (BSC). Economies of scope. Economies of scope are different to economies of scale – though there is the same principle of larger firms benefiting from lower average costs. Economies of scope occur when a large firm uses its existing resources to .