The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we … provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find … economies in which it took place. We show that this type of credit and financial cycle is hard to reconcile with existing …

an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private …. We find that these market participants act as financial intermediaries and significantly improve borrowers' credit …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

enforce German VAT law via a liability of platform operators (like Amazon and eBay). The consequences of this regulatory … the more strict enforcement is that platform operators want to avoid liability risks. The situation from the ecommerce …

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …

reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

Walter Eucken strongly rejected the institution of limited liability. From his point of view, only unrestricted full … liability was in conformity with the market order. This perspective misses important insights, as is shown with recourse to the … of limited liability. Second, one can realize further welfare gains within organizations by means of incentive contracts …

financial sector's role as enabler of real investment is analyzed. So far, there is no significant evidence that the credit … base equity ratio values). In particular, the flow of credit to non-financial businesses remains intact despite heavy … crisis and any general impact of the crisis on the credit market respectively. The statistical tests turned out to be little …