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A Note on The Nonexistence of A Rationing Equilibrium in The Besanko-Thakor Model
Oleh:
Clemenz, Gerhard
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 3 (1993)
,
page 727-738.
Topik:
equilibrium
;
rationing equilibrium
;
bensako - thakor model
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
It is shown that in a credit market with two types of borrowers, distinguished only through their not commonly known probability of default, and with a perfectly elastic supply of deposits, a pair of contracts with random rationing of less risky loan applicants cannot be a Nash - equilibrium.
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