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

Kraus, Daniel - 2010

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 event of a project success than the lower-risk credit applicants. Then the … higher-risk borrowers are not rationed and obtain the social efficient credit volume. If the incentive compatibility …

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

Lectures on fertility, savings, inter-generational transfers and gender

Cigno, Alessandro - 2011

Persistent link: https://www.econbiz.de/10010319300

Investitionsbewertung unter Berücksichtigung von Umweltschutz als eigenständigem Formalziel

Stahl, Stefan - 2012

In Folge der steigenden Nachfrage nach ethischen Kapitalanlagen stehen die Unternehmen vor der Herausforderung, neben den typischen monetären Zielen auch Umweltschutzziele in die Investitionsbewertung einbeziehen zu müssen. Bestehende Ansätze der Investitionsbewertung unter Berücksichtigung...

Persistent link: https://www.econbiz.de/10010319301

Direct Banking - A Demand Pull and Technology Push Innovation

Neuberger, Doris - 1997

Since 1994, the German banking market is confronted with an entry wave of direct banks. This banking innovation may be explained by developments on the supply side as well as on the demand side. It is pushed by developments in telecommunication technologies during a period of rising cost...

Persistent link: https://www.econbiz.de/10010319302

Structure, Conduct and Performance in Banking Markets

Neuberger, Doris - 1997

the microeconomic theory of banking. The present paper reviews the literature by focusing on the links between theoretical …

Persistent link: https://www.econbiz.de/10010319305

Protestant Ethic, Status Seeking, and Economic Growth

Rauscher, Michael - 1997

Commodities do not only serve the purpose of satisfying direct needs in the production and con-sumption process. Some of them can also be used to display social status and to affect the position of an individual in society. This paper addresses the question under which circum-stances...

Persistent link: https://www.econbiz.de/10010319306

Eine Systematisierung des Rationierungsproblems in der Medizin

Kopetsch, Thomas - 1999

Dieser Beitrag beschäftigt sich systematisch mit dem Komplex der Rationalisierung medizinischer Leistungen. Als Ergebnis ergibt sich, daß explizite Rationierung der impliziten vorzuziehen ist und die Rationierungen möglichst ex ante auf der Makro-Ebene erfolgen sollten, ohne Gefährdung...

Persistent link: https://www.econbiz.de/10010319307

Sustainable Development and Complex Ecosystems. An Economist's View

Rauscher, Michael - 1996

The paper surveys economic aspects of sustainability and the use of complex ecological systems. In a first step, an economist's view of the concept of sustainability is presented. Then, a simple model of the economic use of a dynamic ecological system is discussed. It is shown how economically...

Persistent link: https://www.econbiz.de/10010319311

Environmental Policy, Firm Location, And Product Differentiation: The Role of Green Preferences and Inter-firm Pollution

Kuhn, Michael - 1997

Endogenous firm location is analyzed in a discrete two-region-two-firm model of product differentiation. In a non-cooperative game, two regional governments first decide on the imposition (or lifting) of domestic production standards; firms then choose technology (clean or polluting), location...

Persistent link: https://www.econbiz.de/10010319313

Scale Economics, Market Power, and Pricing Behavior Evidence from German Newspaper and Magazine Publishing

Lehmann, Erik; Weigand, Jürgen - 1998

The anomalous inverse concentration-price relationship observed by some researchers in the newspaper market has been attributed to scale economies. In this paper we suggest that the newspaper's (or magazine's) double-product feature (i.e., news supplied to readers and advertising space supplied...

Persistent link: https://www.econbiz.de/10010319315