Inefficiently Low Screening with Walrasian Markets
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下载链接：
https://www.nber.org/papers/w20365
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资源简介：
Financial intermediaries devote resources to finding and screening borrowers before lending capital. By retaining only sufficiently good matches, informed lenders exacerbate adverse selection problems for others lending in the same market. Failure to internalize this implies that informed lenders
提供机构：
美国国家经济研究局
创建时间：
2014-08-01
