Strategic freedom, constraint, and symmetry in one-period markets with cash and credit payment
نویسندگان
چکیده
منابع مشابه
STRATEGIC FREEDOM, CONSTRAINT AND SYMMETRY IN ONE-PERIOD MARKETS WITH CASH AND CREDIT PAYMENT By
In order to explain in a systematic way why certain combinations of market, financial, and legal structures may be intrinsic to certain capabilities to exchange real goods, we introduce criteria for abstracting the qualitative functions of markets. The criteria involve the number of strategic freedoms the combined institutions, considered as formalized strategic games, present to traders, the c...
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Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...
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چکیده ندارد.
Competition and Strategic Information Acquisition in Credit Markets∗
Regulatory changes and technological advances have profoundly affected the competitive landscape of credit markets. In this paper, we investigate the role of information acquisition as a strategic tool for intermediaries to respond to competitive pressures. We specify a model in which the severity of asymmetric information between banks and borrowers varies with distance. Banks acquire borrower...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2005
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-003-0453-5