𝔖 Bobbio Scriptorium
✦   LIBER   ✦

An options-based model of equilibrium credit rationing

✍ Scribed by Robin Mason


Book ID
117629500
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
341 KB
Volume
4
Category
Article
ISSN
0929-1199

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


An expository model of credit rationing
✍ Christopher J. Waller; Stephen Lewarne πŸ“‚ Article πŸ“… 1994 πŸ› Elsevier Science 🌐 English βš– 379 KB
Consumer rationality and credit card pri
✍ Sangkyun Park πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 159 KB

## Abstract An option is embedded in credit cards. Since credit cards offer open credit lines, cardholders can borrow at the same terms when they become riskier. This option value raises the zero‐profit card rate. Furthermore, adverse selection occurs if cardholders are better informed about the pr

An Equilibrium Theory of Rationing
✍ Richard J. Gilbert and Paul Klemperer πŸ“‚ Article πŸ“… 2000 πŸ› The RAND Corporation 🌐 English βš– 487 KB