Showing 1 - 10 of 1,902
Persistent link: https://www.econbiz.de/10011410579
We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are … optimal ex ante monitoring of good risks, but is too conservative with regard to bad risks. Competition between banks is shown … Wettbewerb geschützt werden, dann legen sie unter guten wirtschaftlichen Bedingungen mehr Wert darauf sich keine Projekte mit …
Persistent link: https://www.econbiz.de/10011417798
Persistent link: https://www.econbiz.de/10009746110
Persistent link: https://www.econbiz.de/10003528287
Persistent link: https://www.econbiz.de/10003528961
We show that every sequential screening model is equivalent to a standard text book static screening model. We use this result and apply well-established techniques from static screening to obtain solutions for classes of sequential screening models for which standard sequential screening...
Persistent link: https://www.econbiz.de/10011626592
Persistent link: https://www.econbiz.de/10014320919
We consider a dynamic screening model where the agent may go bankrupt due to, for example, cash constraints. We model bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth-telling constraints than those considered in the...
Persistent link: https://www.econbiz.de/10014476119
Persistent link: https://www.econbiz.de/10012696147