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Consumer Valuation of Protection from Creditor Remedies
Author(s) -
FALLS GREGORY A.,
WORDEN DEBRA DRECNIK
Publication year - 1988
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1988.tb00210.x
Subject(s) - creditor , liberian dollar , business , valuation (finance) , actuarial science , economics , finance , debt
This study investigates the values consumers place on restrictions of creditor remedies. The unique data employed were derived from a 1979 consumer survey taken across four local credit markets that differed significantly in their legal environments. The results of binomial logit analysis identified the characteristics of consumers who were willing to pay for contractual protection from several creditor remedies. A study of the dollar amounts that consumers were inclined to pay provided few significant results.