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Applied Economics Letters Volume 29, 2022 - Issue 21
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Research Article

A credit rationing model of the medium risk borrowers with low valued collateral

Sehoon KwonDivision Of Business Administration, Sangmyung University, Seoul, KoreaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-9725-9486View further author information
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Pages 1970-1974 | Published online: 22 Aug 2021

References

  • Bester, H. 1985. “Screening Vs. Rationing in Credit Markets with Imperfect Information.” The American Economic Review 75 (4): 850–855.
  • Bester, H. 1987. “The Role of Collateral in Credit Markets with Imperfect Information.” European Economic Review 31 (4): 887–899. doi:10.1016/0014-2921(87)90005-5.
  • Freixas, X., and J. C. Rochet. 1997. Microeconomics of Banking. Cambridge, MA: MIT press.
  • Hayes, B. 2005. “Why W? On the Lambert W Function, a Candidate for a New Elementary Function in Mathematics.” American Scientist 93 (2): 104–108. doi:10.1511/2005.52.3448.
  • Jin, Y., and S. Zhang. 2019. “Credit Rationing in Small and Micro Enterprises: A Theoretical Analysis.” Sustainability 11 (5): 1330. doi:10.3390/su11051330.
  • Kwon, S. 2019. “A Study on Collateral Valuation of the Borrowers and Loan Contracts.” The Journal of International Trade and Commerce 15 (1): 459–471.
  • Rothschild, M., and J. E. Stiglitz. 1970. “Increasing Risk: I. A Definition.” Journal of Economic Theory 2 (3): 225–243. doi:10.1016/0022-0531(70)90038-4.
  • Stiglitz, J. E., and A. Weiss. 1981. “Credit Rationing in Markets with Imperfect Information.” The American Economic Review 71 (3): 393–410.
  • Waller, C. J., and S. Lewarne. 1994. “An Expository Model of Credit Rationing.” Journal of Macroeconomics 16 (3): 539–545. doi:10.1016/0164-0704(94)90022-1.
  • Williamson, O. E. 1981. “The Modern Corporation: Origins, Evolution, Attributes.” Journal of Economic Literature 19 (4): 1537–1568.

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