input，output and a theory of production and cost at depository financial institutions.pdfVIP

THE JOURNAL OF FINANCE VOL. XXXII, NO, 4 SEPTEMBER 1977 INPUTS, OUTPUTS, AND A THEORY OF PRODUCTION AND COST AT DEPOSITORY FINANCIAL INSTITUTIONS C. W. SEALEY, JR . AND JAMES T. LiNDLEY* , I. INTRODUCTION THE TOOL OF ANALYSIS most often applied to the behavior of financial institutions has been portfolio theory. The inadequacy of this approach stems from