with type. When network effects are homogeneous, the optimal entry-deterring contract is a flat fee that results in the …

service. This paper analyzes how buyers optimally contract with sellers who vary in their expertise at prescribing service. We … provided they contract sequentially whereby terms are negotiated gradually as the supplier acquires information …

Abstract The literature on rural credit market has generally assumed that farm households are rationed in their access … to subsidised formal credit. Due to lack of infrastructure and poor access to institutional credit, exploitation of … farmers in interlocked credit market is expected to be high. The distress amount in product selling is more likely to be …

This paper assesses the effects of agency costs and asymmetric information in credit markets. Asymmetric information … by policy makers generally disregard credit market conditions. The basis of the analysis follows Carlstrom and Fuerst … asymmetries. The finding suggests that macroeconomic models that do not explicitly account for asymmetric information in credit …

contract enforcement tool, provide the credit market with information on the quality of the borrower and thus broaden the … (1981) argue that in the face of asymmetric information, under some conditions the equilibrium of the credit market can be … that balance supply and demand for credit, causing credit rationing. Literature of the New Institutional Economics (NIE) in …