Andrea, ATTAR; Eloisa, CAMPIONI; Gwenaël, PIASER - Institut de Recherche Économique et Sociale (IRES), … - 2005
In this paper we present a model of credit market with several homogeneous lenders competing to finance an investment project. Contracts are non-exclusive, hence the borrower can accept whatever subset of the offered loans. We use the model to discuss efficiency issues in competitive economies...