country faced in the process of adopting new technologies. The numerical experiments suggest that Spain had consistently lower …

several factors, including, evidence of massive private sector profit making, the failure of private sector financiers to … with the goal of securing favourable profit and risk outcomes. These dynamics are illustrated with reference to the history …

and cost functions. Whenever profit is maximized, one is the reciprocal of the other. The cost function has not a defined … form in the sense that it can be deduced from the axioms of production theory. But the articles points out the plausibility … profit is zero, after all factor of production gets its share. The paper extends the cost function to several products, and …

ABSTRACTThe purpose of this study is to analyse the cost and profit efficiency of banksin South Africa. The cost … verysimplistic and does not provide enough insight on real profit efficiency.This research uses a stochastic frontier model to … and profitefficiencies, with the most cost efficient banks also being most profit efficient.With regard to bank size, cost …