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Working Paper
Functional forms and declining average costs
Journal Article
Challenges to small banks' survival
Working Paper
A test of competition in Canadian banking
Working Paper
Regulatory distortion of competition
Conference Paper
Pooling intensifies joint failure risk: abstract
Working Paper
Optimal acceptance policies for journals
Working Paper
Credit union policies and performance in Latin America
This paper explores empirical linkages between credit unions' (CUs') policies and their financial performance, as measured by loan delinquency and profitability, using a unique micro dataset of credit unions in three Latin American countries. The estimated translog profit function is generalized using a slack variable concept that parameterizes any systematic deviation from profit- maximizing behavior exhibited within the sample. In general, we find that performance depends in important ways on two types of CU policy variables, some associated with the incentives of borrowers to repay and ...
Working Paper
Optimal linear taxation of polluting firms
Working Paper
Pooling intensifies joint failure risk
Working Paper
Stable cartels with a Cournot fringe