Credit market imperfections and the separation of ownership from control

DOI10.1006/JETH.1997.2368MaRDI QIDQ1382005zbMATH OpenOpenAlexFDO

Authors Daron Acemoglu

Publication date 1 April 1998

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeth.1997.2368

zbMATH Keywords

adverse selectioncredit marketslow powered incentivesmoral hazard

Mathematics Subject Classification ID

Recommendations

• Moral Hazard and Limited Liability: Implications for the Theory of the Firm
• A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence
• Credit and Efficiency in Centralized and Decentralized Economies
• CREDIT MARKET IMPERFECTIONS AND THE INCIDENCE OF WORKER‐OWNED FIRMS

Cites work

• A model of insurance markets with incomplete information
• Equilibria in monopolistically competitive insurance markets
• Informational Equilibrium
• Signaling Games and Stable Equilibria
• The Principal-Agent Relationship with an Informed Principal, II: Common Values
• Wealth effects, distribution, and the theory of organization

Cited in

(3)

• CREDIT MARKET IMPERFECTIONS AND THE INCIDENCE OF WORKER‐OWNED FIRMS
• Credit Markets with Ethical Banks and Motivated Borrowers
• Costly information, entry, and credit access

This page was built for publication: Credit market imperfections and the separation of ownership from control

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1382005)