Costly Contracts and Consumer Credit
收藏NBER2011-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17448
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资源简介：
Financial innovations are a common explanation of the rise in consumer credit and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost to create each contract offered by lenders.
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美国国家经济研究局创建时间：
2011-09-01
