The nature of credit rationing in the United Kingdom mortgage market

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dc.contributor.author Thom, Rodney
dc.contributor.author Nellis, Joseph G.
dc.date.accessioned 2008-12-09T17:29:31Z
dc.date.available 2008-12-09T17:29:31Z
dc.date.copyright © 1986 Elsevier Inc en
dc.date.issued 1986-07
dc.identifier.citation Journal of Urban Economics en
dc.identifier.issn 0094-1190
dc.identifier.uri http://hdl.handle.net/10197/727
dc.description.abstract This paper addresses the problem of how to estimate market demand functions for finance in the presence of rationing within the context of the U.K. house mortgage market. Two distinct approaches are outlined. The first, and more traditional, focuses on American studies in which non-price terms are assumed to adjust so as, in combination with price, to produce market clearing. In contrast, the approach used in the present study conjectures that non-interest-rate terms are varied so as to discriminate among borrowers, satisfying some but leaving the market uncleared. Empirical tests, using U.K. data, offer some support for this alternative approach. The paper offers some thoughts on credit rationing, and outlines possible avenues for further research into this important and current topic. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Elsevier Science en
dc.subject.lcsh Mortgage loans--Great Britain en
dc.subject.lcsh Rationing en
dc.title The nature of credit rationing in the United Kingdom mortgage market en
dc.type Journal Article en
dc.internal.authorurl Rodney Thom (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/economics/professordavidrthom/ en
dc.internal.authorid UCD0023 en
dc.internal.availability Full text not available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://dx.doi.org/10.1016/0094-1190(86)90014-8 en
dc.status Peer reviewed en
dc.identifier.volume 20 en
dc.identifier.issue 1 en
dc.identifier.startpage 39 en
dc.identifier.endpage 54 en
dc.identifier.doi 10.1016/0094-1190(86)90014-8
dc.neeo.contributor Thom|Rodney|aut|UCD0023
dc.neeo.contributor Nellis|Joseph G.|aut|


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