Showing 22,561 - 22,570 of 22,570
Persistent link: https://www.econbiz.de/10015069011
Persistent link: https://www.econbiz.de/10015070099
Persistent link: https://www.econbiz.de/10015070081
Persistent link: https://www.econbiz.de/10015070181
We study a dynamic model of collateralized lending under adverse selection in which the quality of collateral assets is endogenously determined by hidden effort. Complementarities in incentives lead to non-ergodic dynamics: Asset quality and output grow when asset quality is high, but stagnate...
Persistent link: https://www.econbiz.de/10012038843
Persistent link: https://www.econbiz.de/10015069916
Persistent link: https://www.econbiz.de/10015069919
Persistent link: https://www.econbiz.de/10013467012