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| Author: | Asparouhova, E. |
| Title: | Competition in lending: theory and experiments |
| Journal: | Review of finance
2006 : VOL. 10:2, p. 189-219 |
| Index terms: | competition credit finance loans |
| Language: | eng |
| Abstract: | This paper studies a variation of the Rothschild-Stiglitz equilibrium in the context of competitive lending under adverse selection. The estimations produced by the model are tested in an experimental market setting. |
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