In recent years, commercial banks have substantially reduced the number of theirbranch offices. We address the question of whether or not the increased distance tolenders caused by branch office closures translates into a lower credit supply for smalland medium sized enterprises (SMEs). We use a...

This paper develops a theoretical search model of apartment swap in the rental market. Using random matching mechanism, we mimic the informal Swedish swap market, which is characterized by strong rent control and dominant ownership of the apartments by municipalities. Our proposed framework...