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Essays on the emergence of captive finance companies and risk segmentation of the consumer loan market: Theory and evidence

Chong, Byung-Uk - 2004

finance company for expanding the sales by offering loans to consumers who need financing for purchase of durable good. The … model presents that each captive finance company will set a more lenient credit standard than that of a bank, leading to the … captive finance company examined in Essay 1, Essay 2 examines risk segmentation of consumer loan market by banks and captive …

Persistent link: https://www.econbiz.de/10009430522

Essays in economics of taxation

Wang, Xuejun - 1997

In essay one, we examine nonlocalized competition in interest taxation between an arbitrary number of countries. Our focus is on the role of relative number of locked-in investors in asymmetric tax competition. We find that in equilibrium, small countries have advantages in tax competition. In...

Persistent link: https://www.econbiz.de/10009430661

Essays on information and institutional investors

Ni, Jinlan - 2004

information in explaining one of the major puzzles in International Finance. The second essay investigates what kind of …

Persistent link: https://www.econbiz.de/10009430714

A test of the life-cycle-permanent-income hypothesis: Cohort analysis of household wealth and portfolio holdings from 1977 to 1989

Kao, Yu-yin Emily - 1996

The major objective of this study is to reassess the life-cycle-permanent-income hypothesis as an explanation of wealth accumulation using microeconomic empirical evidence. The technique of cohort data and cohort analysis is suggested by Deaton (1992) who referred it as a promising tool for...

Persistent link: https://www.econbiz.de/10009430812

Aggregate spillovers and imperfect competition: The implications for business cycles and the welfare effects of tax reform

Knoop, Todd Alan - 1996

The neoclassical assumptions of perfect competition and constant returns to scale are commonly used within most areas of macroeconomic research. This is generally true of existing research on business cycles and universally true of previous studies investigating the welfare benefits of taxation...

Persistent link: https://www.econbiz.de/10009430822

Essays on banking: Screening technology

Jeong, Hyung-Kwon - 2001

This dissertation explains the behavior of the bank by focusing on the screening technology used in the loan approval process. The main goal is to find the outcome of bank competition when banks try to overcome hidden information with the screening technology. Essay 1 analyzes the screening...

Persistent link: https://www.econbiz.de/10009430827