Showing 1 - 10 of 13
When do principals independently choose to share the information obtained from their privately informed agents? Information sharing affects contracting within competing organizations and induces agents’ strategies to be correlated through the distortions imposed by principals to obtain...
Persistent link: https://www.econbiz.de/10011082498
the first  one, it is shown that the set $V$ of all individually rational, Pareto  optimal, symmetric allocations is the … unique stable set of symmetric  allocations. For the second one, an example is presented which shows  that the same set $V … belonging to the unique stable set is provided. …
Persistent link: https://www.econbiz.de/10010801003
We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability...
Persistent link: https://www.econbiz.de/10005626735
Multiple bank lending creates an incentive to overborrow and default. When creditor rights are poorly protected and collateral value is volatile, this incentive leads to rationing and non-competitive interest rates. If banks share information about past debts via credit reporting systems, the...
Persistent link: https://www.econbiz.de/10005802027
Information sharing about borrowers' characteristics and their indebtedness can have important effects on credit markets activity. First, it improves the banks' knowledge of applicants' characteristics and permits a more accurate prediction of their repayment probabilities. Second, it reduces...
Persistent link: https://www.econbiz.de/10005802055
Information sharing about borrowers’ characteristics and their indebtedness can have important effects on credit markets activity. First, it improves the banks’ knowledge of applicants’ characteristics and permits a more accurate prediction of their repayment probabilities. Second, it...
Persistent link: https://www.econbiz.de/10005802068
bureaus and central banks, on direct interviews and on official sources. The European experience highlights a set of important …
Persistent link: https://www.econbiz.de/10005802099
increase lending and reduce default rates. To test these predictions, we construct a new international data set on private …
Persistent link: https://www.econbiz.de/10005750382
This paper highlights the rationale for exclusive territories in a model of repeated interaction between competing supply chains. We show that with observable contracts exclusive territories have two countervailing effects on manufacturers' incentives to sustain tacit collusion. First, granting...
Persistent link: https://www.econbiz.de/10008536095
We study the effects of information sharing on optimal contracting in a vertical hierarchies model with moral hazard and effort externalities. The paper has three main objectives. First, we determine and compare the equilibrium contracts with and without communication. We identify how each...
Persistent link: https://www.econbiz.de/10009353570