Economies of Scale in Financial Institutions: A Study in Life Insurance
- 1 November 1970
- journal article
- Published by JSTOR in Econometrica
- Vol. 38 (6) , 856
- https://doi.org/10.2307/1909696
Abstract
Average cost functions for the life insurance industry, all of which show increasing and then constant returns, are estimated from cross section data for 237 co...Keywords
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