Competition and Selection in Credit Markets
收藏NBER2021-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29169
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资源简介：
Screening in consumer credit markets is often associated with large fixed costs. We present both theory and evidence that, when lenders use fixed-cost technologies to screen borrowers, increased competition may increase rather than decrease interest rates in subprime consumer credit markets. In more
消费信贷市场中的筛选通常与高额固定成本相关联。我们既提供理论分析也给出实证证据，表明当放贷机构采用固定成本技术对借款人进行筛选时，竞争加剧可能会提高而非降低次级消费信贷市场的利率。在更多
提供机构：
美国国家经济研究局
创建时间：
2021-08-01
