colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is …

screening mechanism not only predicts that merger activity is intense during economic booms and subdued during recessions but is …

We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate …

are interdependent. We study the effect of bank competition on the choice of contracts (screening versus collateralized …

are better able to evaluate a project’s risk than entrepreneurs. We study the bank’s choice between screening and … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank …