Sharing economy is associated with a series of economic activities in terms of renting, lending, trading, bartering and swapping of goods, service, space or money, that take place in organized systems or digital platforms. In this research, we interviewed 50 drivers, a kind of users type who provides cars and service from a car-sharing digital platform. Based on the prior studies of motivation,...

The traditional spatial data models model space in terms of points, lines, and regions. These models employ a disjoint dimension model in which a spatial object can only consist of a zero, one, or twodimensional point set. However, such models cannot adequately represent spatial reality. For example, consider a river network that contains both rivers and lakes. Intuitively, this river network i...

We analyze a standard environment of adverse selection in credit markets. In our environment, entrepreneurs who are privately informed about the quality of their projects need to borrow in order to invest. Conventional wisdom says that, in this class of economies, the competitive equilibrium is typically inefficient. We show that this conventional wisdom rests on one implicit assumption: entrep...

This version: May, 2008 Abstract We construct a model of the credit market where lenders use two incentive devices, monitoring and termination, to enforce truth-telling and effort-making. The economy’s aggregate activity and its equilibrium lending mechanism are determined jointly and endogenously. We analyze how changes in the model’s exogenous variables, including the returns of the economy’s...

This article provides an overview of two core issues related to subprime market growth and predatory lending. Two general issues were addressed. First, the rapid growth of subprime lending in minority neighborhoods has raised questions concerning the absence of prime conventional lenders in these neighborhoods. There is evidence that more competition by prime lenders could lower the borrowing c...

Contents 1 Abstract 2 2 Introduction 2 2. 1 Abstract We develop models to price long term loans in the securities lending business. These longer horizon deals can be viewed as contracts with optionality embedded in them and can be priced using established methods from derivatives theory, becoming to our limited knowledge, the first application that can lead to greater synergies between the oper...

The stochastic network calculus (SNC) has become an attractive methodology to derive probabilistic performance bounds. So far the SNC is based on (tacitly assumed) exact probabilistic assumptions about the arrival processes. Yet, in practice, these are only true approximately–at best. In many situations it is hard, if possible at all, to make such assumptions a priori. A more practical approach...

Traditionally, policymakers, communities, and industry have regarded the Community Reinvestment Act (“CRA”) as a positive mandate for banks and thrifts to do good by increasing investment in lowand moderate-income (“LMI”) neighborhoods. The specific purpose of CRA is to encourage federally insured depository institutions “to help meet the credit needs of the local communities in which they are ...

Is a state ever truly insulated from interest group influence, or is state insulation conditional under the best of circumstances? While Huang (1995) attributes relatively low inflation in China to political discipline of the Chinese communists, the banking sector has slowly fallen into quagmire. While harsh retrenchments succeeded in lowering inflation, each monetary expansion brought the Chin...