Intra-Industry Joint Liability: Implications for Marketing
نویسندگان
چکیده
منابع مشابه
Joint liability among bank borrowers∗
A common feature of financial intermediaries is that the welfare of one borrower is adversely affected by the poor performance of other borrowers. That is, there exists a degree of joint liability among the borrowers of a financial intermediary. This paper provides an explanation for this observation. It demonstrates that in Krasa and Villamil’s [14] formalization of a financial intermediary as...
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I compare welfare generated by a credit contract with individual liability and a contract with joint liability. The problem is credit rationing caused by limited liability and unobservable investment decisions. Joint liability induces borrowers to monitor each other, however the lender can also monitor. I show that wealthier borrowers may prefer riskier investments when liability is joint, whic...
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متن کاملDeterminants of Iran’s bilateral intra-industry trade in pharmaceutical industry
Among non-oil exports and in trade arena, drug has always been strategic importance and most government especially industrialized countries pay special attention to its production and trade issues. Thus, having a comprehensive view from economic perspective to this section is essential for suggesting intervention. This was a descriptive-analytical and panel study. In this study, gravity model i...
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ژورنال
عنوان ژورنال: Journal of Public Policy & Marketing
سال: 1986
ISSN: 0743-9156,1547-7207
DOI: 10.1177/074391568600500105