Barbosa, Klenio; de Paula Rocha, Bruno; Salazar, Fernando - In: Journal of Banking & Finance 50 (2015) C, pp. 340-362
This paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse’s (1987) model to the case of a multi-product banking firm, we show that higher economies of scope in multi-product banking are associated with lower Panzar–Rosse measures of...