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Vale, Bent - 1990

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Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 1986

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When do we have borrower or credit volume rationing in competitive credit market with imperfect information?

Kraus, Daniel - 2010

This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...

Persistent link: https://www.econbiz.de/10008697924

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A service of the

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