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Direct Elicitation of Credit Constraints: Conceptual and Practical Issues with an Application to Peruvian Agriculture

Stephen R. Boucher, Catherine Guirkinger, Carolina Trivelli
2009 Economic development and cultural change  
(2004) , who evaluates the impact of credit constraints on farm output in Poland; and Foltz (2004) , who evaluates the impact of credit constraints on farm profit in Tunisia.  ...  Risk-neutral lenders operate in a perfectly competitive market and have an opportunity cost of capital equal to Assume that , so that, evaluated at the lender's oppor-1 ϩ r. pY 1 1 ϩ r ϩ w tunity cost  ... 
doi:10.1086/598763 fatcat:hase4qfx3jhbvprbpxbpotuv44

Empirical measurement of credit rationing in agriculture: a methodological survey

Martin Petrick
2005 Agricultural Economics  
Furthermore, based on a common analytical framework entailing a formal model of a credit rationed farm household, the methods are subjected to a comparative evaluation of their specific strengths or shortcomings  ...  The first approach defines credit rationing as the impossibility to take a loan due to prohibitively high, measurable transaction costs on loan markets, which is a price rationing mechanism.  ...  A direct method based on measurement of loan transaction costs, 2. a direct method based on qualitative information collected in interviews, 3. a direct method based on the credit limit concept, 4. a direct  ... 
doi:10.1111/j.1574-0862.2005.00384.x fatcat:ejaym5o6pnb2hl2uxckfioua5q

Identifying credit constraints using direct elicitation methodology: the case of Indonesia

Sigit S. Wibowo
2018 International Journal of Governance and Financial Intermediation  
This study considers how credit constraints come to exist and how to identify them. Credit constraints may arise from market mechanisms: the demand for loans and the supply of loans.  ...  In order to assess credit constraints, I use direct elicitation methodology and then examine the gathered information and other household characteristics by applying a multinomial logit model.  ...  I thank the participants of the 2014 Asian Finance Association Annual Conference for their helpful comments.  ... 
doi:10.1504/ijgfi.2018.10012595 fatcat:6xnmtf4vwveefhvqbsjonlbzme

How people pay: Evidence from grocery store data

Elizabeth Klee
2008 Journal of Monetary Economics  
Empirical evidence based on grocery store transaction data shows that consumer payment behavior at the point of sale is important for understanding models of money demand.  ...  There are statistically significant effects of transaction costs, opportunity costs, and product characteristics on the choice of payment instrument, which then, in turn, affect money demand.  ...  This behavior is consistent with consumers who have low inventory costs for cash and do not choose based on the opportunity costs of holding cash.  ... 
doi:10.1016/j.jmoneco.2008.01.009 fatcat:iqzp5d7i5nf5fdaxueltqq6tjq

Analysis on Enterprises' Credit Behavior Choices in Different Credit Culture Environments

Yuanyuan Ma
2014 Accounting and Finance Research  
The emergence of the credit problems increases the transaction costs, which is disadvantageous for enterprises to enlarge transactions and to expand market.  ...  Middle-level credit culture environment for enterprises' constraints of credit behavior has a comparative advantage Middle-level credit cultural environment is the most crucial for enterprises credit behavior  ...  A sound credit system will be built depending on the impact of different levels of credit culture. Credit defect can be avoided maximally.  ... 
doi:10.5430/afr.v3n1p73 fatcat:q3ew7orotfcnxip75ap4fkacla

An Empirical Investigation of Ex Post Transaction Costs in Franchised Distribution Channels

Robert Dahlstrom, Arne Nygaard
1999 Journal of Marketing Research  
Eisenhardt (1985) provides evidence to suggest that task programmability, behavioral measures, and costs of outcome-based evaluation foster salary-based compensation.  ...  An Empirical Investigation o f Ex Post Transaction Costs i n Franchised Distribution Channels Transaction cost analysis offers compelling logic for evaluating the efficacy of exchange in alternative  ... 
doi:10.2307/3152090 fatcat:wmwcpp552zfhtbwodzirow3jou

C2C E-commerce Risk Assessment Based on AHP and Fuzzy Comprehensive Evaluation

baolu Wei, Feng Dai, jingxu Liu
2011 International Journal of Engineering and Manufacturing  
Currently, e-commerce e-commerce credit risk has become a constraint to further development of the main obstacles.  ...  E-commerce platform allows two parties (mainly for individual users) in its platform to bid independently, bargaining-based online trading patterns.  ...  Paper [6] Based on the existing credit evaluation model for C2C ecommerce research, the new credit score rating, credit evaluation index system was established.  ... 
doi:10.5815/ijem.2011.01.06 fatcat:mhspvohrczaehoddsqe7d2vrce

Credit constraints and productivity in Peruvian agriculture

Catherine Guirkinger, Stephen R. Boucher
2008 Agricultural Economics  
Ignoring constraints due to transaction cost and particularly risk rationing would result in a significant under-statement of the impact of credit constraints and thus lead to an overly optimistic evaluation  ...  Assume that the bank's opportunity cost of funds is zero so that, under competition, the interest rate charged on loans is also zero. 5 Borrowers potentially face two types of transaction costs.  ... 
doi:10.1111/j.1574-0862.2008.00334.x fatcat:sszs7u2nvjfynnnoe4xd23qqge

A Survey on Financial Applications of Metaheuristics

Amparo Soler-Dominguez, Angel A. Juan, Renatas Kizys
2017 ACM Computing Surveys  
The paper also discusses some open opportunities for researchers in the field, and forecast the evolution of metaheuristics to include real-life uncertainty conditions into the optimization problems being  ...  , bankruptcy and financial distress prediction, and credit risk assessment.  ...  The objective is to optimize the maximum value of expected loss from a credit portfolio with a budget constraint for the consulting cost.  ... 
doi:10.1145/3054133 fatcat:hr4fggpodnbzjdk3fkg6thxjma

This is What's in Your Wallet... And How You Use It

Tamas Briglevics, Scott Schuh
2014 Social Science Research Network  
The way economic actors pay is not only important from a theoretical point of view but also from a policy perspective as the costs for providing payment services are substantial in most countries.  ...  continues to be a determining factor for the future.  ...  Those with only a credit card recoup these same costs in 3-4 transactions.  ... 
doi:10.2139/ssrn.2431322 fatcat:gcs46zg33zfundcx2kf2q4lmi4

Incomplete Credit Markets and Commodity Marketing Behaviour

Emma C. Stephens, Christopher B. Barrett
2010 Journal of Agricultural Economics  
We develop a simple theoretical model of market participation over multiple seasons in the presence of liquidity constraints and transactions costs to explain the 'sell low, buy high' puzzle in which certain  ...  households forego opportunities for intertemporal price arbitrage through storage and are observed to sell output post-harvest at prices lower than observed prices for purchases in the subsequent lean  ...  We identify the instrumenting regression for credit access using covariates likely to reflect lenders' costs of extending credit to a given household and other transactions cost measures likely associated  ... 
doi:10.1111/j.1477-9552.2010.00274.x fatcat:bmuppttrmrcxdlgki6pdmgevqy

Research on the Impact Mechanism and Application of Financial Digitization and Optimization on Small- and Medium-Sized Enterprises

Qiuxia Li, Punit Gupta
2021 Scientific Programming  
digital level of SMEs, studies the incentive effect of digital finance on the level of technological revolution of SMEs, and analyzes the mitigation effect of digital finance evolution on the financing constraints  ...  Internet big data technology has greatly weakened the cost in search, evaluation, transaction, and other aspects, making great changes in the traditional business model.  ...  some scholars believe that financial evolution may encourage SMEs to achieve technological revolution by opening trade or reducing transaction costs, easing financing constraints of SMEs, and loosening  ... 
doi:10.1155/2021/9534976 fatcat:ykfre7gtbnfyfduz75j3tkm4xi

An Intelligent Scheduling Access Privacy Protection Model of Electric Vehicle Based on 5G-V2X

Cheng Xu, Hongjun Wu, Hongzhe Liu, Xuewei Li, Li Liu, Pengfei Wang, Punit Gupta
2021 Scientific Programming  
This paper proposes an intelligent scheduling access model for electric vehicles based on blockchain.  ...  In terms of the experiment, 13 test electric vehicles were dispatched based on 12 real power station nodes and 36 test nodes of Yunnan Power Grid Co. Information Center for verification.  ...  In the model, the improved branch-and-price algorithm based on Adaptive Large Neighborhood Search was adopted to solve the problem with the constraints of transportation time, transportation cost, vehicle  ... 
doi:10.1155/2021/1198794 fatcat:xk4zmsmp4fgwhekczm3vqriioe

Novel Joint-Financing Model for Bilateral Capital Restricted Supply Chains under Cap-and-Trade Regulation

Yanfang Huo, Xize Wang, Quan Deng, Peng Han
2018 Mathematical Problems in Engineering  
The basic conditions for supply chain coordination of low-carbon buy-back contracts are derived through a basic model with no funding support.  ...  The risk to which the bank is subjected under low-carbon transactions is also discussed.  ...  Assume that the retailer's opportunity cost is = , where is the retailer's opportunity cost per unit fund.  ... 
doi:10.1155/2018/8134679 fatcat:zrzx767nzzg35do52xpmdsa57i

Do Land Markets Matter? A Modeling Ontology and Experimental Design to Test the Effects of Land Markets for an Agent-Based Model of Ex-Urban Residential Land-Use Change [chapter]

Dawn C. Parker, Daniel G. Brown, Tatiana Filatova, Rick Riolo, Derek T. Robinson, Shipeng Sun
2011 Agent-Based Models of Geographical Systems  
The description of the new agent-based model, in which each of the  ...  We identify four distinct elements of land markets: resource constraints, competitive bidding, strategic behavior, and endogenous supply decisions.  ...  0 In WTA In WTA In WTA In WTA WTA Opportunity cost- exogenous parameter, set to zero Opportunity cost- exogenous parameter, set with a positive value Opportunity cost- exogenous  ... 
doi:10.1007/978-90-481-8927-4_26 fatcat:e6sdsqhxffdudkqxiuorfzcxvu
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