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Persistent link: https://www.econbiz.de/10002150203
We analyze credit market equilibrium when banks screen loan applicants. When banks have a convex cost function of screening, a pure strategy equilibrium exists where banks optimally set interest rates at the same level as their competitors. This result complements Broecker's (1990) analysis,...
Persistent link: https://www.econbiz.de/10014589131
It is received financial wisdom that when there is free entry by speculators, it is impossible to generate net profits on publicly available information. In this paper we study a version of the standard Kyle (85) model with endogenous information acquisition and we find that equilibria exist...
Persistent link: https://www.econbiz.de/10005509821
In the light of the exponential growth of the Internet and World Wide Web, this paper describes, in some detail, existing agents and multiagents applications in the context of e-commerce, and suggests a research agenda for economists in response to these changes in technology and lifestyle....
Persistent link: https://www.econbiz.de/10005392977
Persistent link: https://www.econbiz.de/10005409240
With existing technology, it is already possible for personal agents to schedule meetings for thier users, to write the small print of an agrement and for agents to search the Internet for the cheapest price. But srious negotiation cranks the difficulty of the problem up several notches. In this...
Persistent link: https://www.econbiz.de/10005466649
This study provides first empirical results on entrepreneurs’ negotiation behavior. In a series of negotiation tasks, we compare persuasive behaviors and negotiation outcomes of entrepreneurs and non-entrepreneurs. Our results show that entrepreneurs make extensive use of emotions and...
Persistent link: https://www.econbiz.de/10011241911
Persistent link: https://www.econbiz.de/10006749641
Persistent link: https://www.econbiz.de/10006833917
We analyze credit market equilibrium when banks screen loan applicants. When banks have a convex cost function of screening, a pure strategy equilibrium exists where banks optimally set interest rates at the same level as their competitors. This result complements Broecker's (1990) analysis,...
Persistent link: https://www.econbiz.de/10011423580