Gary-Bobo, Robert J.; Larribeau, Sophie - C.E.P.R. Discussion Papers - 2002
determines loan sizes and interest rates simultaneously. A competitive and a discriminating monopoly version of the model are … discriminating monopoly maximizes profits under a borrower participation constraint, reflecting the availability of a rental market … monopoly model estimates show that the borrowers' price-elasticity of demand for housing varies with occupational status, and …