Enjoying the quiet life under deregulation? . Not quite

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dc.citation.epage343
dc.citation.issue2
dc.citation.journalTitleJournal of Applied Economicseng
dc.citation.spage333
dc.citation.volume29
dc.contributor.affiliationEAFIT University, Medellín, Colombiaspa
dc.contributor.affiliationUniversity of New York, Binghamton, NY, USAspa
dc.contributor.authorRestrepo-Tobón, Diegospa
dc.contributor.authorKumbhakar, Subal C.spa
dc.contributor.departmentEconomía y Finanzasspa
dc.contributor.departmentFinanzasspa
dc.contributor.programGrupo de Investigación Finanzas y Bancaspa
dc.date2014
dc.date.accessioned2015-11-06T21:15:36Z
dc.date.available2015-11-06T21:15:36Z
dc.date.issued2014
dc.description.abstractMost empirical studies in the banking literature assume that the alternative profit function is linearly homogeneous in input prices. We show that such an assumption is theoretically unwarranted and that its use may yield misleading results. We use Koetter et al. (Review of Economics and Statistics 2012; 94(2): 462–480) as a benchmark to showcase how empirical results can be sensitive to the linear homogeneity assumption. Contrary to Koetter et al., we find a positive relation between market power and profit efficiency when this assumption is dropped. This relation is slightly weakened after the wave of intrastate and interstate deregulation but not enough to support the ‘quiet life’ hypothesis.eng
dc.identifier.doi10.1002/jae.2374
dc.identifier.issn0883-7252
dc.identifier.urihttp://hdl.handle.net/10784/7618
dc.language.isoengeng
dc.publisherJohn Wiley & Sons, Ltd.eng
dc.relation.ispartofJournal of Applied Economics. Vol. 29, (2), 2014, pp.333-343spa
dc.relation.isversionofhttp://onlinelibrary.wiley.com/enhanced/doi/10.1002/jae.2374
dc.relation.urihttp://onlinelibrary.wiley.com/enhanced/doi/10.1002/jae.2374
dc.rightsrestrictedAccesseng
dc.rightsCopyright © 2014 John Wiley & Sons, Ltd.spa
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceJournal of Applied Economics. Vol. 29, (2), 2014, pp.333-343spa
dc.titleEnjoying the quiet life under deregulation? . Not quiteeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionpublishedVersioneng
dc.type.localArtículospa

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