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| Author: | Villas-Boas, J. M. Schmidt-Mohr, U. |
| Title: | Oligopoly with asymmetric information: Differentation in credit markets |
| Journal: | RAND Journal of Economics
1999 : AUTUMN, VOL. 30:3, p. 375-396 |
| Index terms: | OLIGOPOLY ASYMMETRIC INFORMATION CREDIT MARKETS |
| Language: | eng |
| Abstract: | This paper evaluates in a credit markets setting the impact of the degree of differentation on equilibrium menus of contracts being offered, on welfare, and on companies' profits. More competition may lead to more screening because firms compete more intensely for the most profitable customers, which has implications for welfare and profits. welfare may decrease with more competition and profits may be higher under asymmetric information. |
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