Fan, 1992

Fan, X. J., Chang, Y. R. & Hanna, S.  (1992).
Optimal credit use with uncertain income. Financial
Counseling and Planning
, 3, 125-133.

Optimal Credit Use With Uncertain Income

Xiaojing Jessie Fan, Yu-chun Regina Chang , and
Sherman Hanna

A two period analysis of optimal credit use for consumers facing
uncertain income is developed to give insight into factors related to rational
credit use. Extension of the model to more realistic situations are described.

Ket Words: Credit, Bankruptcy, Risk

Affiliations at the time of publication:

1. Xiaojing Jessie X. Fan, Assistant Professor,
Family and Consumer Studies, University of Utah, 228 Alfred Emery Building,
Salt Lake City, UT 84112. Phone: (801) 581-4170. FAX: (801) 581-5156. E-mail:

2.  Y. Regina Chang, Assistant Professor, Department of Consumer
and Family Economics, University of Missouri-Columbia, 239

Stanley Hall, Columbia, MO 65211.

3.  Sherman Hanna, Professor, Consumer Sciences Department,
The Ohio State University, 1787 Neil Ave., Columbus, OH 43210-1295. Phone:
(614) 292-4584. Fax: (614) 292-7536. E-mail:

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