In this paper we provide a micro model of loans which the lender is a monopolistic bank and the borrower is a competitive consumer with consumption habits who may default on part of his debt. In this setting, we prove that the loan demand curve is kinked and therefore it is possible to find interest rate rigidity in equilibrium as well as asymmetric response of loans to interest rate variations...

In a recent paper, Khanra, Ghosh and Chaudhuri’s (2011) presented an EOQ model for a deteriorating item with time dependent quadratic demand under permissible delay in payment. Deterioration considered in most of the EOQ models is constant, while in most of the practical cases the deterioration rate increases with time. This work is motivated by Khanra, Ghosh and Chaudhuri’s (2011) paper extend...

Title of dissertation: ESSAYS IN PERSONAL TRANSPORTATION DEMAND AND CONSUMER FINANCE Jaclyn Evans, Doctor of Philosophy, 2016 Dissertation directed by: Professor Roberton C. Williams, III Department of Agricultural and Resource Economics This dissertation is composed of three essays covering two areas of interest. The first topic is personal transportation demand with a focus on price and fuel ...

This paper develops an inventory model for non deteriorating items with time dependent demand rate of production with constant inflation rate. In this model shortages are not allowed, the effect of inflation rate and delay in payments are discussed. In the study mathematical models are also derived under two different cases, i.e. Case-I the credit period is less than or equal to the cycle time ...

 In this paper, optimum procurement policy is worked out when trade credit is offered to the retailer by the supplier and demand is stock-dependent. The own warehouse (OW) capacity is limited and excess inventory is stored in rented warehouse (RW). The rented warehouse has modern infra-structure facility. Hence, the unit holding cost in rented warehouse is assumed to be higher than that in the...

Traditionally, inventory models with trade credit policy deal with contain demand or merely dependent on the retailing price. Therefore, this paper tries to incorporate the retailer’s inventory-dependent demand and storage space limited in the retailer’s inventory model, which will make the decision-maker of inventory system to know whether to rent RW and how to order. Two easy-touse theorems a...

This paper considers geographical variations in the demand and supply of bank finance for innovative firms in the UK. It uses a detailed survey on the finances of almost 40,000 UK Small and Medium Sized Enterprises for 2011-2013 to investigate both the extent and type of finance for innovative firms in peripheral regions, whether funders accept their applications and whether acceptance rates re...