Consumer Valuation of Protection from Creditor Remedies

GREGORY A. FALLS, DEBRA DRECNIK WORDEN

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)20-37
Number of pages18
JournalJournal of Consumer Affairs
Volume22
Issue number1
DOIs
StatePublished - 1988

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