On Granting Credit in a Random Environment

The paper extends the Bierman-Hausman credit granting model by incorporating economic factors, which may vary randomly over time. Sufficient conditions are found for the optimality of simple credit policies. The monotonicity results are based on nonstandard orderings induced by the probability of collection. Moreover, monotonicity of the credit policy with respect to the prior information is studied

MoreLess

Year of publication:	1998
Authors:	Waldmann, Karl-Heinz
Publisher:	[S.l.] : SSRN
Subject:	Risiko \| Risk \| Entscheidung \| Decision \| Theorie \| Theory \| Kredit \| Credit
Description of contents:	Abstract [papers.ssrn.com]

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Mathematical Methods of Operations Research, Vol. 47, No. 1 (1998) Volltext nicht verfügbar
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014055901