Imperfect competition in differentiated credit contract markets

DOI10.1007/S10436-008-0104-8MaRDI QIDQ666293zbMATH OpenOpenAlexFDO

Authors Naoki Kojima

Publication date 8 March 2012

Published in Annals of Finance (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10252/4050

zbMATH Keywords

asymmetric informationimperfect competitioncredit contractlender borrower relationshiptype-dependent reservation utility

Mathematics Subject Classification ID

Credit risk (91G40) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Competitive equilibrium in the credit market under asymmetric information
• Competition in Lending: Theory and Experiments*
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Cites work

• scientific article; zbMATH DE number 3549717 (Why is no real title available?)
• A necessary and sufficient condition for rationalizability in a quasilinear context
• Incentive Compatibility and the Bargaining Problem
• Moral Hazard and Secured Lending in an Infinitely Repeated Credit Market Game
• Multiproduct Duopolists
• On countervailing incentives
• Participation constraints in adverse selection models
• The Revelation and Delegation Principles in Common Agency Games

Cited in

(8)

• Loan market equilibrium with difference of opinion and imperfect competition.
• On the effects of banks' equity ownership on credit markets
• Design of bank credit contract with punishment mechanism
• Competitive Screening in Financial Markets when Borrowers can Recontract
• Competition in Lending: Theory and Experiments*
• Competitive equilibrium in the credit market under asymmetric information
• Tied-in credit with a monopoly product market
• Contract pricing in consumer credit markets

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