Modeling the Revolving Revolution: The Debt Collection Channel
نویسندگان
چکیده
منابع مشابه
Modeling the Revolving Revolution: The Role of IT Reconsidered
Credit card default losses increased dramatically in the 80s and 90s, from 3% to over 5% of outstanding debt. We explore whether technological progress in debt collection is behind this change by developing a new theory featuring costly state verification with signals. We motivate our approach by the predominance of informal bankruptcy in the credit card market, which necessitates the costly in...
متن کاملModeling the Credit Card Revolution: The Role of Debt Collection and Informal Bankruptcy
In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two key elements of our model are moral hazard and costly state verification that relies on the use of information technology. We show that the model gives ri...
متن کاملنقد و بررسی کتاب the collection of the quran
جان برتن استاد بازنشسته دانشگاه سنتاندروز، مولف کتاب جمعآوری قرآن است. این اثر در سال 1977 توسط انتشارات دانشگاه کمبریج به چاپ رسید. در نگاه اول، اثر مذکور مشتمل بر دو بخش و هر بخش دارای پنج فصل است. مولف در بخش اول به مسأله نسخ میپردازد و در مورد این که آیا قرآن سنت را نسخ کرده و یا بالعکس، به تفصیل سخن میگوید. نظرات شافعی و مخالفانش را در اینباره به طور مشروح بیان میکند. وی سه شکل ن...
15 صفحه اولWorking Paper No. 13-12 Modeling the Credit Card Revolution: the Role of Debt Collection and Informal Bankruptcy
In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two key elements of our model are moral hazard and costly state verification that relies on the use of information technology. We show that the model gives ri...
متن کاملOnline Appendix Modeling the Revolving Revolution: The Role of IT Reconsidered [not intended for publication]
This Appendix contains an overview of debt collection technologies in the U.S. and its recent evolution. In the first section we summarize how debt is collected in the U.S. Section 2 focuses on collection technology and its recent evolution. The last section describes the data sources used in the analysis. 1 Overview of the Debt Collection Process in the US We briefly describe the debt collecti...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2017
ISSN: 0002-8282
DOI: 10.1257/aer.20131029