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Microfounding consumption: Uncertainty, liquidity and heterogeneity

Druedahl, Jeppe - 2015

Persistent link: https://www.econbiz.de/10012503174

Kirstein, Roland; Neunzig, Alexander R. - 1999

-ante. According to the theory of imperfect diagnosis, it can be rational not to use an informative diagnosis result, even though it … nebst Zinsen zurückzuzahlen. Gemäß der Theorie imperfekter Entscheidungen kann es rational sein, ein Signal selbst dann …

Persistent link: https://www.econbiz.de/10010296951

Empirical measurement of credit rationing in agriculture: a methodological survey

Petrick, Martin - 2003

-classical equilibrium theory. The fourth approach takes an intermediate position, since spill-over on segmented loan markets reveals a … angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen analytischen Bezugsrahmens … Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf …

Persistent link: https://www.econbiz.de/10010299438

Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens

Sell, Friedrich L. - 1999

von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …

Persistent link: https://www.econbiz.de/10010300400

Credit Rationing Effects of Credit Value-at-Risk

Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004

Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...

Persistent link: https://www.econbiz.de/10010325499

A constitutional theory of the family

Cigno, Alessandro - 2005

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...

Persistent link: https://www.econbiz.de/10010267482

Austerity

Dellas, Harris; Niepelt, Dirk - 2014

We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...

Persistent link: https://www.econbiz.de/10011430112

Liquidity shortages in a model with equilibrium shirking

Atolia, Manoj; Marquis, Milton H. - 2011

Persistent link: https://www.econbiz.de/10014306492

Microfinance als Geflecht von Anreizproblemen

Schmidt, Reinhard H.; Tschach, Ingo E. - 2001

Während sich die Entwicklungsfinanzierung in Theorie und Praxis generell mit dem Finanzwesen in Entwicklungs- und …

Persistent link: https://www.econbiz.de/10010316253

When do we have borrower or credit volume rationing in competitive credit market with imperfect information?

Kraus, Daniel - 2010

This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...

Persistent link: https://www.econbiz.de/10010319299

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