Cagno, Daniela Di; Sciubba, Emanuela - In: Economic Notes 29 (2000) 2, pp. 281-313
type="main" xml:lang="en" <p>The aim of this experiment is to test the role of institutional design in credit markets as a commitment device against renegotiation: when there is asymmetric information does a lower degree of centralization enhance efficiency? Does decentralization alleviate the...</p>