| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5067011 | European Economic Review | 2013 | 17 Pages |
Abstract
⺠This paper studies the phenomenon of mismatch in a decentralized credit market. ⺠Dynamic general equilibrium model integrates incentive, entry and search frictions. ⺠The removal of entry barriers can eliminate incentive-based credit rationing. ⺠Entry and incentive frictions explain the extent of credit rationing and mismatch. ⺠Search and incentive frictions are essential to explain credit market breakdown.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zsolt Becsi, Victor E. Li, Ping Wang,