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

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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:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Publisher:	MDPI
Related URLs:	Project
Date of First Compliant Deposit:	6 March 2025
Date of Acceptance:	27 December 2024
Last Modified:	06 Mar 2025 09:19
URI:	https://orca.cardiff.ac.uk/id/eprint/176180

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