A Three-Stage Game Analysis of Private Lending Rate Ceiling: Necessity, Impact, and Solution

Table 1

A summary of lending rate ceiling’s study contribution.

Author (s)	Ceiling type	Ceiling impact	Game process capture	Ceiling setting method	Ceiling stability	Optimal solutions comparison
Miller [5]	Bank	Included	—	—	—	—
Madeira [7]	Bank	Included	—	—	—	—
Ferrari et al. [8]	Bank	Included	—	—	—	—
Chatterji and Seamans [9]	Bank	Included	—	—	—	—
Alper et al. [4]	Bank	Included	—	—	—	—
Lukongo and Miller [10]	Bank	Included	—	—	—	—
Ochieng and Odondo [11]	Bank	Included	—	—	—	—
Maimbo [3]	Private	Included	—	—	—	—
Amvella [12]	Bank	Included	Included	Included	—	—
Zhang et al. [13]	Market	Included	—	Included	—	—
Jin et al. [14]	Market	Included	—	Included	—	—
This study	Private	Included	Included	Included	Included	Included