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This paper highlights the importance of the information efficiency in the banking sector as a way to ensure his correct …
Persistent link: https://www.econbiz.de/10005789937
This paper highlights the importance of the information efficiency in the banking sector as a way to ensure his correct …
Persistent link: https://www.econbiz.de/10005621587
I study the welfare optimal allocation of a number of identical and indivisible objects to a set of heterogeneous risk-neutral agents under the hypothesis that money is not available. Agents have independent private values, which represent the maximum time that they are willing to wait in line...
Persistent link: https://www.econbiz.de/10010282891
I study the welfare optimal allocation of a number of identical and indivisible objects to a set of heterogeneous risk-neutral agents under the hypothesis that money is not available. Agents have independent private values, which represent the maximum time that they are will- ing to wait in line...
Persistent link: https://www.econbiz.de/10008497020
A number of identical objects is allocated to a set of privately informed agents. Agents have linear utility in money. The designer wants to assign objects to agents that possess specific traits, but the allocation can only be conditioned on the willingness to pay and on observable...
Persistent link: https://www.econbiz.de/10010719488
distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10010325499
distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10011334832
distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10005136889
distorts the operation of credit markets. We show that a binding CVaR constraint introduces credit rationing and lowers social … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10011257219
. Furthermore, our analyses generally show that credit constraints and banking relationship variables are relevant in determining … traditional investment self-financing, while no clear statistical evidence is found in the R&D case. Credit rationing is not …
Persistent link: https://www.econbiz.de/10013090276