Skip to main content
SpringerLink
Log in
Book cover

The Theory of Credit Contracts

With a Focus on Group Lending

  • Book
  • © 2020

Overview

Authors:
  1. Christian Prem

    1. Universität Regensburg, Regensburg, Germany

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Study in the Field of Economic Science

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (13 chapters)

  1. Front Matter

    Pages I-XVII
    Download chapter PDF

  3. Contributions to Selected Topics

    1. Front Matter

      Pages 117-117
      Download chapter PDF

    2. Joint liability can cause adverse selection instead of resolving it

      • Christian Prem
      Pages 119-130

    3. Collateralisation shifts risk towards borrower – A formal proof

      • Christian Prem
      Pages 131-144

    4. Meaning of moral hazard is ambiguous – An improved definition

      • Christian Prem
      Pages 145-149

    5. An algorithm that can solve repayment games automatically

      • Christian Prem
      Pages 151-157

    6. Perverse effect of joint liability vanishes with adaptive punishment

      • Christian Prem
      Pages 159-166

    7. Social sanctions coordinate and motivate

      • Christian Prem
      Pages 167-180

    8. Cross-reporting can eliminate equilibrium punishment load

      • Christian Prem
      Pages 181-192

    9. Outlook: Modularisation and standards improve research quality

      • Christian Prem
      Pages 193-197

  4. Back Matter

    Pages 199-281
    Download chapter PDF
Back to top

Keywords

About this book

In this book Christian Prem features new innovations on several levels. On a conceptual level he presents a complete restructuring and modularisation of the field of lending theory. On a formal level he bestows great care on providing precise definitions and promotes notational standardisation. On a technical level the development of an algorithm to solve repayment games automatically is thoroughly documented. Eventually, new theoretic results on the performance of various credit schemes are established, the quality of existing lending schemes is scrutinised and new more efficient mechanisms are presented. The content therefore inspires theorists as well as it provides well-grounded advice to practitioners in the lending industry. Altogether this thesis is a major step towards improving the quality and applicability of lending theory.

Authors and Affiliations

  • Universität Regensburg, Regensburg, Germany

    Christian Prem

About the author

Christian Prem, Master of Advanced Studies in Mathematics (University of Cambridge, UK).

Bibliographic Information

  • Book Title: The Theory of Credit Contracts

  • Book Subtitle: With a Focus on Group Lending

  • Authors: Christian Prem

  • DOI: https://doi.org/10.1007/978-3-658-29362-8

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2020

  • Softcover ISBN: 978-3-658-29361-1Published: 09 February 2020

  • eBook ISBN: 978-3-658-29362-8Published: 08 February 2020

  • Edition Number: 1

  • Number of Pages: XVII, 281

  • Number of Illustrations: 79 b/w illustrations

  • Topics: Financial Services, Game Theory, Financial Engineering

Publish with us

Policies and ethics

Back to top

Search

Navigation