As self-employment and entrepreneurship become increasingly important in our modern
economies, Simon C. Parker provides a timely, definitive and comprehensive overview of …

Do banks deny credit to new start–ups? The presumption that they do has motivated
government intervention in several forms, including publicly backed loan guarantee …

Welfare Implications of Costly Monitoring in the Credit Market: a Note | The Economic
Journal | Oxford Academic Skip to Main Content Advertisement Oxford Academic Journals …

12 Asymmetric information, investment finance and real business cycles Page 261 12
Asymmetric information, investment finance and real business cycles Brian Hillier and Tim …

Kapitalgeber sind in aller Regel schlechter informiert als Kapitalnehmer. Die aus dieser
asymmetrischen Informationsverteilung resultierenden Probleme haben auf …

This paper studies the efficiency of equilibria in a productive OLG economy where the
process of financial intermediation is characterized by costly state verification. Both …

We model a lender-borrower relationship in a CSV framework. The project available with the
firm is characterized by first-order stochastic dominance. The lender audits the borrower to …

Depuis le début des années 1990, les institutions de Bretton Woods, particulièrement la
BIRD, dénoncent la mauvaise gestion des deniers publics dans la plupart des pays en …

The present dissertation collects two essays on the theory of optimal contracts in presence of
a Costly State Verification Technology. In the first essay (Chapter 2), we extend the standard …

We present a simple lending model of judgment proof borrowers with private information
and heterogeneous wealth, where large and small lenders coexist. Lenders subject would …