Question: How well do cost and profit function approaches capture what banks actually do? Specifically, what are strengths and limitations of the approaches to measuring inputs

How well do cost and profit function approaches capture what banks actually do? Specifically, what are strengths and limitations of the approaches to measuring inputs and outputs? according to Allen Berger in the article The dominance of inefficiencies over scale and product mix economies in banking and Problem loans and cost efficiency in commercial banks

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