We develop a multistage model of the loan granting process to understand the contradictory findings of the existing literature on bank-borrower relationships, credit availability, and loan rates. Upon estimating our model with the 1993, 1998, and 2003 versions of the Survey of Small Business...

The goal of this paper is to further our understanding of how relationships work in the borrower-lender interaction for a loan. A practical implication emerging from classical studies is that lenders overcome the problem of information asymmetry by collecting information about the borrowers...

Past studies that examine gender differences in investment decisions have treated married households as a single decision-making unit. This study improves upon traditional unitary bargaining models and estimates a series of unitary and collective-type models to investigate how a husband's age...