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ArtikelA 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 artikelIt 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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