Gregory Weitzner
Institution
McGill
PhD Year
2020
gregory.weitzner@mcgill.ca
FTG Membership
Member
Website
https://sites.google.com/site/gregoryweitzner/
Areas of Expertise
Featured Work
Information Externalities in Opaque Credit Markets
Oct 29, 2025
In opaque markets plagued by asymmetric information, firms borrow from many lenders at once and individual contracts are not observable to other lenders. We identify a novel information externality in a model based on such a setting. To avoid adverse selection, lenders use their private information to adjust the size of loans rather than the prices they offer to borrowers. Each lender's individual rationing decision...
