Optimal lending contracts with long run borrowing constraints

DOI10.1016/J.JEDC.2013.01.003MaRDI QIDQ1994233zbMATH OpenOpenAlexFDO

Authors Shuyun May Li

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2013.01.003

zbMATH Keywords

asymmetric informationborrowing constraintsimpatient entrepreneurlimited commitmentoptimal lending contract

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Recommendations

• Optimal Lending Contracts and Firm Dynamics
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Cites work

• Entrepreneurship and firm heterogeneity with limited enforcement
• Money and dynamic credit arrangements with private information
• On Efficient Distribution with Private Information
• On Repeated Moral Hazard with Discounting
• Optimal Lending Contracts and Firm Dynamics
• Repeated moral hazard and one-sided commitment
• The risk-free rate in heterogeneous-agent incomplete-insurance economies

Cited in

(10)

• Optimal project selection when borrowing and lending rates differ
• Optimal self-financing microfinance contracts when borrowers have risk aversion and limited commitment
• A theory of progressive lending
• Incentive-Compatible Debt Contracts: The One-Period Problem
• On a class of loans with a systematic amortisation schedule
• Optimal Lending Contracts and Firm Dynamics
• Managing the risk of loan prepayments and the optimal structure of short term lending rates
• Repeated lending under contractual incompleteness
• The loan contract with costly state verification and subjective beliefs
• Adverse selection, endogenous borrowing constraints and firm growth

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