The Role of Intermediaries in Selection Markets: Evidence form Mortgage Lending
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https://www.nber.org/papers/w31989
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资源简介：
We study the role of brokers in selection markets. We find broker-clients in the Canadian mortgage market are observationally different from branch-clients. They finance larger loans with more leverage and longer amortization. We build and estimate a model of mortgage demand to disentangle three
提供机构：
美国国家经济研究局
创建时间：
2023-12-01
