This paper, specifying the effects that liquidity management has on the profit function of a generic bank facing an adverse selection problem a la' Stiglitz and Weiss (1981), gives a microeconomic foundation, of a partial equilibrium nature, of credit rationing as a transmission mechanism of...

The paper illustrates and analyses the results of simulations meant to estimate - drawing upon data from the whole set of public primary and secondary schools - the efficiency gains coming from class sizing techniques and based on a decisionmaking level higher than the current one. Three...