Les effets de la politique de crédit sur le choix des investissements dans une industrie lourde

Philippe Mainié, J. Fontaine and B. Villain

Économie rurale, 1967, vol. 73

Abstract: The macro-economic impacts of the credit policy on the decisions of the firms are \nown. Through a micro-economic model of linear programming the present study tries to throw some light on the relationship between the choice of investment and the range of loans offered by a bank. The originality of the model in addition to the fact that it covers several periods, is to include parameters depending on the financier's decisions. Thus the macro-economic impacts of a credit policy can be estimated for a region or for a branch. A simplified game model translating the experiences of the model of the firm takes the uncertainty of our knowledge into account and makes us choose a less risky solution. Finally, the problem of the optimal equilibrium between « heavy » and « light » investments can be approached in this model.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1967
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ersfer:350525

DOI: 10.22004/ag.econ.350525

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