𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The Credit Rationing Artifact in Light of an Expanded Price Rationing Theory

✍ Scribed by David Mishkin

Book ID
125671289
Publisher
SAGE Publications
Year
1964-1965
Tongue
English
Weight
742 KB
Volume
8
Category
Article
ISSN
0569-4345

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Consumer rationality and credit card pri
Consumer rationality and credit card pricing: An explanation based on the option value of credit lines
✍ 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