equilibrium as a result of a simple screening mechanism. A borrower has private information about her cost of bankruptcy, and a …

screening mechanism then be applied to deter those most likely to default from seeking such financial assistance? The answer … information and a screening contract. The sector adversely affected in a pandemic can apply for government loans to reopen later …

colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is …

screening, a pure strategy equilibrium exists where banks optimally set interest rates at the same level as their competitors … banks have zero screening costs. In our set up we show that interest rate on loans are largely independent of marginal costs … analysis to the case where banks have differing screening abilities. …