In this book Christian Prem features new innovations on several
levels. On a conceptual level he presents a complete restructuring
and modularisation of the field of lending theory. On a formal
level he bestows great care on providing precise definitions and
promotes notational standardisation. On a technical level the
development of an algorithm to solve repayment games automatically
is thoroughly documented. Eventually, new theoretic results on the
performance of various credit schemes are established, the quality
of existing lending schemes is scrutinised and new more efficient
mechanisms are presented. The content therefore inspires theorists
as well as it provides well-grounded advice to practitioners in the
lending industry. Altogether this thesis is a major step towards
improving the quality and applicability of lending theory.
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