This paper explores the effect on costs when firms within an industry must interact with each other in the normal course of business. Such interaction will generally cause the socially optimal scale of each firm to deviate from its minimum average cost scale. In addition, the socially optimal...

Detailed information on firm level food safety costs is reported. Survey data for small and very small meat processors are modeled. Economies of scale in implementing Hazard Analysis Critical Control Point (HACCP) systems are investigated. Results indicate that even after controlling for scale,...

This study investigated the cost structure of the floriculture industry in the United States. Economies of scale and input elasticities were estimated with a normalized quadratic cost function. Results suggest that economies of scale exist in the floriculture industry. As producers become large...

This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing industries using a panel of manufacturing industries. A Translog cost function is used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting...

This paper studies the impact of recent mergers and acquisitions (M&As) on the cost and profit efficiency of banks in Greece. To this end, three methods have been applied: (i) analysis of developments in certain cost and profit indicators and their dispersion for bank groups according to their...