Are scale economies in banking elusive or illusive?

Truth : Elusive or Illusive ?

How should one react when "reality," based on observations and scientific proofs, appears to be at odds with the teachings of the Torah? Some critical observers have noted that it is common for people to accept "reality" as fact and attempt to reconcile the Torah with the "facts," regardless of how tortured and convoluted the solution may be. Rather than accepting this apologetic approach, thes...

Lipid Rafts Elusive or Illusive?

There has been considerable recent interest in the possibility that the plasma membrane contains lipid "rafts," microdomains enriched in cholesterol and sphingolipids. It has been suggested that such rafts could play an important role in many cellular processes including signal transduction, membrane trafficking, cytoskeletal organization, and pathogen entry. However, rafts have proven difficul...

Moral consensus in bioethics: illusive or just elusive?

This issue of CQ was conceived in Salt Lake City, at the third annual meeting of the American Society of Bioethics and Humanities (ASBH). There, Presidentelect Laurie Zoloth delivered a stirring address, emphasizing the role of bioethics in responding to social deprivations and suggesting that ASBH “take a stand” on important issues where members share consensus. Not all the stirrings were plea...

The Evolution of Scale Economies in U.S. Banking

Continued consolidation of the U.S. banking industry and a general increase in the size of banks has prompted some policymakers to consider policies that discourage banks from getting larger, including explicit caps on bank size. However, limits on the size of banks could entail economic costs if they prevent banks from achieving economies of scale. This paper presents new estimates of returns ...

Economies of scale in medical education? Or diseconomies of scale?