The Endowment Effect and Collateralized Loans
收藏NBER2022-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30073
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资源简介：
Collateral requirements play an important role in credit markets. This paper shows that the endowment effectthe phenomenon where owing a good increases one's valuation of itinhibits demand for loans which use a borrower's existing assets as collateral. Using a field experiment in Kenya, we show that
提供机构：
美国国家经济研究局
创建时间：
2022-05-01
