[2005년 제 3차] Risk in the Credit Card Industry When Consumer Type
작성자 : 관리자
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2005-08-22
We study strategies of credit card companies. Due to lack of the ability to observe consumer types credit card companies under competition resort to aggressive strategies, oversupplying the credit card market. A sample and a population shift cause increase in credit risk, but credit card companies find no incentive to turn to defensive strategies. Oversupply of credit during good years results in a build-up of potential delinquencies, and a large credit loss becomes inevitable when the economy takes a downturn.
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