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Cartel Formation under Incomplete Information : on the Requirements of Collusion-Proofness
Pouyet, J.; Verouden, V.C.H.M. - Tilburg University, Center for Economic Research - 2000
Persistent link: https://www.econbiz.de/10011090624
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Role of the Economic Characteristics of Collateral
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper offers a possible explanation for the conflicting results in the literature concerning the empirical relation between collateral and loan risk. We posit that certain economic characteristics of collateral may be associated with the empirical dominance of different...
Persistent link: https://www.econbiz.de/10011090718
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The Dynamics in Requested and Granted Loan Terms when Bank and Borrower Interact Repeatedly
Kirschenmann, K. - Tilburg University, Center for Economic Research - 2010
This paper studies how credit constraints develop over bank relationships. I analyze a unique dataset of matched loan application and loan contract information and measure credit constraints as the ratio of requested to granted loan amounts. I find that the most important determinants of...
Persistent link: https://www.econbiz.de/10011091005
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Optimal Environmental Standards under Asymmetric Information and Imperfect Enforcement
Arguedas, C. - Tilburg University, Center for Economic Research - 2005
We study optimal policies composed of pollution standards, probabilities of inspection and fines dependant on the degree of noncompliance with the standards, in a context where regulated firms own private information.In contrast with previous literature, we show that optimal policies, being...
Persistent link: https://www.econbiz.de/10011092086
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Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2010
Collateral is a widely used, but not well understood, debt contracting feature. Two broad strands of theoretical literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems between borrowers and lenders. However, the extant...
Persistent link: https://www.econbiz.de/10011092269
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Show me yours and I'll show you mine : Sharing borrower information in a competitive credit market
de Haas, R.T.A.; Bos, J.; Millone, Matteo - Tilburg University, Center for Economic Research - 2015
We exploit detailed data on approved and rejected small business loans to assess the impact of the introduction of a credit registry in Bosnia and Herzegovina. Our findings are threefold. First, mandatory information sharing tightens lending at the extensive margin as more applications are...
Persistent link: https://www.econbiz.de/10011273894
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Optimal Timing of Technology Adoption
Huisman, Kuno; Kort, Peter; Farzin, Y.H. - Tilburg University, Center for Economic Research - 1996
Persistent link: https://www.econbiz.de/10011091023
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The Locking-In Effect of Subsidized Jobs
van Ours, Jan - Tilburg University, Center for Economic Research - 2002
Recent evaluations of active labor market policies are not very optimistic about their effectiveness to bring unemployed back to work.An important reason is that unemployed get locked-in, that is they reduce their effort to find a regular job.This paper uses an administrative dataset from the...
Persistent link: https://www.econbiz.de/10011091052
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Redistribution and Education Subsidies are Siamese Twins
Bovenberg, A.L.Bovenberg; Jacobs, B. - Tilburg University, Center for Economic Research - 2001
optimal level of education subsidies along with the optimal progressive schedule of the labor income tax and optimal capital … income taxes.Subsidies on education ensure efficiency in human capital accumulation, while taxes on skilled labor help to … redistribute income towards the less able.We thus provide a rationale for the widely observed presence of education subsidies …
Persistent link: https://www.econbiz.de/10011091366
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The Economics of Books
canoy, marcel; van Ours, Jan; van der Ploeg, F. - Tilburg University, Center for Economic Research - 2005
The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given.Governments intervene in the market for books through laws concerning prices of books, grants for...
Persistent link: https://www.econbiz.de/10011091601