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Consumer Credit Risk and Pricing

✍ Scribed by DARRYL E. GETTER


Book ID
110108169
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
110 KB
Volume
40
Category
Article
ISSN
0022-0078

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πŸ“œ SIMILAR VOLUMES


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