Asymmetric information and credit rationing in a model of search

Selcuk, Cemil ORCID: https://orcid.org/0000-0002-2267-604X 2025. Asymmetric information and credit rationing in a model of search. Games 16 (1) , 1. 10.3390/g16010001

PDF - Published Version Download (605kB)

Abstract

This paper presents a competitive search model focusing on the impact of asymmetric information on credit markets. We show that limited entry by lenders results in endogenous credit rationing, which, in turn, plays a key role in managing adverse selection and prevents the credit market from collapsing.

Item Type:	Article
Date Type:	Published Online
Status:	Published
Schools:	Business (Including Economics)
Additional Information:	License information from Publisher: LICENSE 1: URL: https://creativecommons.org/licenses/by/4.0/, Start Date: 2025-01-02
Publisher:	MDPI
Date of First Compliant Deposit:	16 January 2025
Date of Acceptance:	27 December 2024
Last Modified:	16 Jan 2025 12:00
URI:	https://orca.cardiff.ac.uk/id/eprint/175321

Actions (repository staff only)

Edit Item