Measuring mortgage credit availability: A frontier estimation approach

Measuring Eco-Inefficiency: A New Frontier Approach

Growing social concerns over the environmental externalities associated with business activities are pushing firms to identify activities that create economic value with less environmental impact and to become more eco-efficient. Over the past two decades, researchers have increasingly used frontier efficiency models to evaluate productive efficiency in the presence of undesirable outputs, such...

Credit Availability and Economic Decisions: Some Evidence from the Mortgage and Housing Markets

Measuring Eco-efficiency of Production: a Frontier Approach

Eco-efficiency of production is an important concept both from the viewpoint of society and business community; but as yet, there is no unambiguous way to its measurement. The purpose of this paper is to present a general measurement framework based on production theory and the activity analysis approach. Although we exploit the existing methods and techniques, our approach diverges essentially...

Credit Spreads: Evidence from the Mortgage Market

Using micro-level data from the mortgage market, we examine yield spreads as a funnction of both credit risk and prepayment risk using a two-stage instrumental variable approach. Our results are consistent with findings in the finance literature that leverageinduced financial risk reflected in capital structure results in higher yield spreads on debt. In particular, borrowers with loan-to-value...

Behaviorally Informed Home Mortgage Credit Regulation

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