parsimonious model of a credit negotiation between a bank and firms with varying levels of impatience. In equilibrium, impatient … predictions using a hand-collected dataset on credit line negotiations. Firms signing the bank's offer right away draw down their … line of credit after origination and default more than late signers. Late signers negotiate price adjustments more …

consumer bank credit market in Germany and find empirical support. Overall, our analysis indicates that P2P lenders are bottom …