Do Large Banks have Lower Costs ? New Estimates of Returns to Scale for U . S . Banks Appendices A – D

@inproceedings{Wheelock2011DoLB,
  title={Do Large Banks have Lower Costs ? New Estimates of Returns to Scale for U . S . Banks Appendices A – D},
  author={David C. Wheelock and Paul W. Wilson},
  year={2011}
}
The number of commercial banks in the United States has fallen by more than 50 percent since 1984. This consolidation of the U.S. banking industry and the accompanying large increase in average (and median) bank size have prompted concerns about the effects of consolidation and increasing bank size on market competition and on the number of banks that regulators deem “too–big–to–fail.” Agency problems and perverse incentives created by government policies are often cited as reasons why many… CONTINUE READING