Crawfordy, Gregory S; Pavaniniz, Nicola; Schivardi, Fabiano - Department of Economics, University of Warwick - 2013
We measure the consequences of asymmetric information in the Italian market for small business lines of credit … consequences of asymmetric information in this market. While our data include a measure of observable credit risk comparable to … asymmetric information, separately identifying adverse selection and moral hazard. We use our results to quantify the impact of …