-defined bank lending rationed and non rationed firms, interfirm credit received is, if ever, only slightly more expensive than bank … credit. Cross-section econometric analysis, besides establishing the greater reactivity of credit received rather than … granted to the external funds implicit cost, finds that the discount offered for early payments affects significantly credit …

possibility of financing projects, (ii) the economy exhibits investment cycles, (iii) credit is rationed if either the lender has … horizon dynamic contracting model between a borrower and a lender with the following features: The borrower, is credit …

This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks …

This paper presents an overlapping generations model with technology choice and credit market imperfections, in order … credit rationing, however, this technological switch widens inequality. Therefore, risk-averse agents would not be willing to …

Some empirical investigations are pointing to the fact that high-tech firms are subject to credit rationing to a higher … extent than the average. This excess of credit rationing may not be due to information asymmetries, but rather to the … inability of credit institutions to screen projects in novel fields. This article provides a model of this phenomenon and …

results and serves as a good supplement. This paper relates credit rationing directly to bankruptcy cost. It is shown that … credit rationing, characterized as a loan amount granted less than requested, becomes more severe as bankruptcy cost rises … business reduces credit rationing, therefore, enhance lending. …

credit crunch interferes with the accommodation necessary for stability. …

set of facts about the amplitude of inventory investment and its sectoral and time heterogeneity. …