Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2001 erstellt
Description:
Using a translog cost function, we examine the extent to which economies of scale exist for retail superannuation funds in Australia for 1999 and 2000. We find that the average cost elasticity for Australian retail superannuation funds is equal to 1.0. This means that percentages cost increases are equal to the same percentage increases in assets for the retail superannuation funds in general. Variations in fund size and fund objective show variations in cost elasticities of funds. We find economies of scale for funds greater than $30 million in size. Average cost elasticity also shows economies of scale for domestic debt and multisector funds