Crawford, Gregory S; Schivardi, Fabiano; Pavanini, Nicola - Institut für Volkswirtschaftslehre, … - 2015
We measure the consequences of asymmetric information and imperfect competition in the Italian lending market. We show … ones, the former effect dominates, suggesting that while market power can mitigate the adverse effects of asymmetric … information, mainstream concerns about its effects survive with imperfect competition. …