A Bayesian Analysis of Credit Rationing 

作成者 天野, 昌功
作成者の別表記 Amano, Masanori
日本十進分類法 (NDC) 330
内容 This paper concerns credit rationing in commercial loan markets. The banks are assumed to behave as Bayesian statisticians to improve their subjective distribution of the default rate and their ability to identify risky loan applicants. The comparative statics results here depend crucially on the form of the bank's information cost function and relative magnitudes of prior and sample means of the default rate. It is also shown that the commonly-held views on the relation between the volume of credit rationing and changes in uncertainty are special cases of the results obtained in this paper.
公開者 千葉大学経済学会
コンテンツの種類 紀要論文 Departmental Bulletin Paper
DCMI資源タイプ text
ファイル形式 application/pdf
ISSN 0912-7216
NCID AN10005358
掲載誌情報 千葉大学経済研究 Vol.9 no.1 page.1-19 (19940629)
情報源 Economic journal of Chiba University
言語 英語
著者版フラグ publisher

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