Asymmetric Information and the Market Structure of the Banking Industry

Asymmetric Information and the Market Structure of the Banking Industry
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers' creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an... READ MORE...

Publication date: June 1998
ISBN 9781451951547
$15.00

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