A model of collateral, investment, and adverse selection

DOI10.1016/J.JET.2009.01.004MaRDI QIDQ2271371zbMATH OpenOpenAlexFDO

Authors Alberto Martin

Publication date 7 August 2009

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

Full work available at URL http://hdl.handle.net/10230/4581

zbMATH Keywords

adverse selectioncollateralinvestmentlending standardsscreening

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Special types of economic equilibria (91B52) Trade models (91B60)

Recommendations

• Entrepreneurship, financiership, and selection
• The equilibrium allocation of investment capital in the presence of adverse selection and costly state verification
• Endogenous growth and adverse selection in entrepreneurship
• Adverse Selection and Security Design
• Wealth, endogenous collateral quality, and financial crises

Cites work

• A Walrasian Theory of Markets with Adverse Selection
• Competitive equilibrium in the credit market under asymmetric information
• Competitive Pooling: Rothschild-Stiglitz Reconsidered
• On Rothschild-Stiglitz as competitive pooling
• Optimal debt contracts and moral hazard along the business cycle
• The equilibrium allocation of investment capital in the presence of adverse selection and costly state verification

Cited in

(6)

• A reestimation of the Evans--Jovanovic entrepreneurial choice model
• The equilibrium allocation of investment capital in the presence of adverse selection and costly state verification
• Leverage dynamics and credit quality
• Investment, consumption smoothing with credit guarantee and adverse selection
• Entrepreneurship, financiership, and selection
• A MODEL OF COLLATERAL: ENDOGENIZING THE BORROWING CONSTRAINT

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