Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309975 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
Cardiff Economics Working Papers No. E2024/25
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
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.
Subjects: 
Asymmetric Information
Credit Rationing
Directed Search
JEL: 
D82
D43
G20
Document Type: 
Working Paper

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