This paper surveys recent work on long-term credit relationships from a game-theoretic perspective. The purpose is to provide an explanation for observed behavior based on rationality in a specific context of long-term strategic contracting as opposed to instantaneous, complete, perfectly competitive and enforceable markets. This helps explain the existence of credit rationing, of reschedulings, of predominantly short-term international credits and...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1984/09/30
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Рабочий документ департамента
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CPD8423
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1
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1
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2017/11/15
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Disclosed
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International lending, long-term credit relationships, and dynamic contract theory
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credit limit