Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330115 
Authors: 
Year of Publication: 
2025
Citation: 
[Journal:] Games [ISSN:] 2073-4336 [Volume:] 16 [Issue:] 1 [Article No.:] 1 [Year:] 2025 [Pages:] 1-14
Publisher: 
MDPI, Basel
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
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
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