A model of a competitive credit market in the conditions of imperfect information

An information asymmetry in a credit market with a Bertrand competition among lenders leads to different inefficiencies depending on a type of the market. We analyse these inefficiencies in a stabilized market economy and in a transitive economy.

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Year of publication:	2002
Authors:	Janda, Karel
Published in:	Politická ekonomie. - Vysoká Škola Ekonomická v Praze, ISSN 0032-3233. - Vol. 2002.2002, 4
Publisher:	Vysoká Škola Ekonomická v Praze
Subject:	credit \| Bertrand competition \| transitive economy

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005258309