Bieta, Volker; Broll, Udo; Siebe, Wilfried - Fakultät Wirtschaftswissenschaften, Technische … - 2008
In this paper we challenge basic results of signaling models. In our banking model each project of a borrower is described by a continuous density of outcomes. Different density functions are classified according to second stochastisch dominance. Combining these features we find that in a...
