Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is … price-clearing, "full-information" models of loan markets, in models of credit allocation where information is imperfect … (which we describe as "information-intensive"). "the interest rate" need not reflect the shadow price of credit in financial …

Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is … price-clearing, quot;full-informationquot; models of loan markets, in models of credit allocation where information is … of credit in financial intermediation. Credit rationing to some borrowers is likely. In actual markets, many loan …