Abstract
“The purpose of this paper is to overcome these omissions from earlier theories by developing a theoretical model that assumes marginal cost is indeed a function of the asset mix and establishing equilibrium in both the asset and liability markets. The framework for the analysis will be to briefly describe, and criticize the three earlier theories and then to present the more inclusive model of this paper.” (p.22)
| Original language | American English |
|---|---|
| Journal | Default journal |
| State | Published - Jan 1 1978 |
Keywords
- Direct costing
- Banking industry
- Opportunity costs