Asymmetric information and credit rationing in a model of search

Cemil Selcuk

This paper presents a competitive search model focusing on the impact of asymmetric information on credit markets. We show that limited entry by lenders results in endogenous credit rationing, which, in turn, plays a key role in managing adverse selection and prevents the credit market from collapsing.

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Year of publication:	December 2024
Authors:	Selcuk, Cemil
Publisher:	Cardiff, United Kingdom : Cardiff Business School, Cardiff University
Subject:	Asymmetric Information \| Credit Rationing \| Directed Search \| Asymmetrische Information \| Asymmetric information \| Kreditrationierung \| Credit rationing \| Suchtheorie \| Search theory \| Kreditmarkt \| Credit market

Extent:	1 Online-Ressource (circa 24 Seiten) Illustrationen
Series:	Cardiff economics working papers. - Cardiff : [Verlag nicht ermittelbar], ISSN 1749-6101, ZDB-ID 2257349-5. - Vol. no. E2024, 25
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/309975 [Handle]
Classification:	D82 - Asymmetric and Private Information ; D43 - Oligopoly and Other Forms of Market Imperfection ; G20 - Financial Institutions and Services. General
Source:	ECONIS - Online Catalogue of the ZBW

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