Fluet, Claude; Garella, Paolo G. - Dipartimento di Economia, Management e Metodi … - 2007
Can inertia in terminating unsuccessful loans (creditor passivity) be due to the multiplicity of lenders in loan arrangements? Can a lender reschedule, betting against his odds? Private information in the form of bad but coarse news, that would prompt foreclosure on its own, will instead lead to...