Loan Commitment Contracts, Terms of Lending, and Credit Allocation
分析贷款承诺合同的结构及其参数间的相互关系，借款人可在不同贷款套餐间权衡选择，并可用价格换取更大信贷额度，附有实证证据。
This paper analyzes the structure of loan commitment contracts and the interrelationships among their component parameters. Lenders offer borrowers a set of loan “packages,” from which the latter may choose that “package” found to be most appealing. Borrowers may “trade off” changes in any loan parameter in exchange for other adjustments. The borrower, at this time, may “purchase” a larger credit ration for a price. Supporting empirical evidence is presented.