Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers’ risk of default and a fixed cost of developing each contract lenders offer. Innovations that ameliorate asymmetric information or reduce this fixed cost have large extensiv...

A simple model is presented to show that productivity growth falls with firm age in a country well-developed financial market (e.g., the U.S.), but increases poor development India). However, although being formal development, China’s prosperous folk financing helps small young firms break through limitation of credit constraint, achieving higher than old ones. This paper suggests governments s...

nowadays, credit risk is recognized as one of the most important bankruptcy factors of banks and financial institutions. in order to manage and control this risk, design of credit rating models is undeniable necessity. credit rating is used to identify the probability of credit default and on the other side classify the customers into two groups: good and bad accounts. until now, various statis...

RELATIONSHIP DECISION-MAKING AS A MEDIATOR BETWEEN REGRET, AUTONOMY, AND TWO FORMS OF RELATIONSHIP COMMITMENT: DEDICATION AND CONSTRAINT Ashley M. A. Fehr Old Dominion University, 2015 Director: Dr. James M. Henson This study examined the relationships among autonomy, anticipated regret, decision-making, and dedication and constraint commitment of college students in romantic relationships. Two...

potential growth of dairy sector is highest and more reliable compared to crop sector, indicating that dairy sector can play vital role to increase income among farmers in rural areas than crop sector in sri lanka. credit and farmer training in management ability have been major concerns of dairy development efforts. therefore, this study wasconductedto assess the impact of credit and farmer tr...

Limited availability and access to seeds of improved varieties are often blamed for the low adoption legume-based rotations. In this paper, we use a case study chickpea lentil production in Ethiopia gendered lens identify other determinants farmers’ decisions legume varieties. Mixed methods were used collect sex age disaggregated data through 360 household surveys, 11 focus group discussions, 8...

Title of Document: ESSAYS ON FINANCIAL MARKET IMPERFECTIONS AND THE ENVIRONMENT Dana Charles Andersen, PhD, 2014 Directed By: Ramón E. López, Professor Agricultural and Resource Economics The first chapter explores the effect of credit constraints on production-generated pollution emissions. I develop a theoretical model wherein polluting firms borrow externally to finance investment in various...