Imperfect Information, Uncertainty, and Credit Rationing
نویسندگان
چکیده
منابع مشابه
Screening vs. Rationing in Credit Markets with Imperfect Information
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Without denying the importance of asymmetric information, this article purports the view that credit rationing may also originate from a lender’s inability to classify loan applications into proper risk categories. Although particularly prominent when novel technologies or novel institutional arrangements arise, lack of appropriate categories may affect any request of money lending, making cred...
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In this paper, we consider an inventory problem with two demand classes having different priorities. The appropriate policy of rationing the available stock, i.e. reserving some stock for meeting prospective future demand of preferred customers at the expense of deliberately losing some of the currently materialized demand of lower demand class(es), relies on the estimation of the future demand...
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We can do everything. T What IS can do toady is highly limited. What we cannot do is Useless. R Useless confused with Cannot Be Done. So... why to worry about Uncertainty? U No future without using Uncertainty. T The Information Systems Radical. H The Uncertainty Zealot. Summary: This report surveys various forms of imperfect data, be it imprecision or uncertainty. To that end, a structured the...
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Burkart and Ellingsen’s (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing. The author tests these and other predictions of Burkart and Ellingsen’s model using a large sample of more than 28,000 Canadian firms. She uses an endogenous method to divide the firms into the appropriat...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1976
ISSN: 0033-5533
DOI: 10.2307/1885327