No CrossRef data available.
Published online by Cambridge University Press: 19 October 2009
Recent theoretical articles on leasing are summarized as a basis for the distillation of a conceptually correct framework for analyzing leasing versus purchase decisions. In order to make a theoretically valid comparison, the analysis must be kept within the framework of comparable and consistent risk class assumptions. When this is done, competition in the leasing market produces indifference in the leasing versus purchase analysis.