Scale Economies, Scope Economies, and Technical Change in Federal Reserve Payment Processing

Scale Economies and Technological Change in Federal Reserve ACH Payment Processing

by Paul W. Bauer and Diana Hancock Paul W. Bauer is,an economic at)-, visor in the Financial Services Research Group at the Federal Reserve Bank of Cleveland, and Diana Hancock is an economist in the Division of Reserve Bank Operations and Payment Systems at the Federal Reserve Board of Governors. For helpful comments, the authors thank Allen Berger, David Humphrey, Jeffrey Marquardt, and Flore...

Total Factor Productivity Growth, Technical Change and Technical Efficiency Change in Asian Economies: Decomposition Analysis

The aim of this paper is to analyze total factor productivity (TFP) growth and its components in Asian countries applying Stochastic Frontier Analysis (SFA) to the time series data of 44 Asian countries from 2000 to 2010. Using Battese and Coelli approach, TFP is divided into technical efficiency change and technical change. TFP decomposition using SFA method for the years 1998 to 2007 indicate...

Payment Scale Economies , Competition , and Pricing

From Economies of Density and Network Scale to Multioutput Economies of Scale and Scope: a Synthesis

For more than twenty years, the cost structure of transport industries in general, and the airline industry in particular, has been analyzed through the calculation of two indices: returns to density (RTD) and returns to scale (RTS), which were originally proposed by Caves et al. (1984). During this period, there have been many observations, amendments, caveats and corrections about their calcu...

total factor productivity growth, technical change and technical efficiency change in asian economies: decomposition analysis

the aim of this paper is to analyze total factor productivity (tfp) growth and its components in asian countries applying stochastic frontier analysis (sfa) to the time series data of 44 asian countries from 2000 to 2010. using battese and coelli approach, tfp is divided into technical efficiency change and technical change. tfp decomposition using sfa method for the years 1998 to 2007 indicate...