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:	2025
Authors:	Selcuk, Cemil
Published in:	Games. - Basel : MDPI, ISSN 2073-4336, ZDB-ID 2527220-2. - Vol. 16.2025, 1, Art.-No. 1, p. 1-14
Subject:	asymmetric information \| credit rationing \| directed search \| Asymmetrische Information \| Asymmetric information \| Kreditrationierung \| Credit rationing \| Suchtheorie \| Search theory \| Kreditmarkt \| Credit market

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/g16010001 [DOI]
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

Persistent link: https://www.econbiz.de/10015271751