introduced by the presence of moral hazard naturally depends on the information structure in the economy; it is cheaper to induce … correct incentives in a society which possesses better ex-post information. The degree of ex-post information depends on the … number of projects and entrepreneurs in the economy; the more projects, the better the information. This implies that in the …

introduced by the presence of moral hazard naturally depends on the information structure in the economy; it is cheaper to induce … correct incentives in a society which prossesses better ex port information. …

introduced by the presence of moral hazard naturally depends on the information structure in the economy; it is cheaper to induce … correct incentives in a society which posesses better ex post information. The degree of ex post information depends on the … number of projects and entrepreneurs in the economy; the more projects, the better the information. This implies that at the …

proximity increase consumer credit by reducing the cost of obtaining soft information. Furthermore, soft information obtained …This paper measures how both geographical and cultural proximity of bank branches affect household credit choice and … pricing. We examine both types of proximity jointly to separately identify the importance of soft information versus …

proximity increase consumer credit by reducing the cost of obtaining soft information. Furthermore, soft information obtained …This paper measures how both geographical and cultural proximity of bank branches affect household credit choice and … pricing. We examine both types of proximity jointly to separately identify the importance of soft information versus …

Creditors often share information about their customers' credit record. Besides helping them to spot bad risks, this … consider that default on a current lender would disrupt their credit rating with all the other lenders. This raises their …

published financial information. …