Piero Gottardi,Humberto Moreira, William Fuchs Nov 15,2022
Working Paper No.00085-00
We consider a dynamic adverse selection model where privately informed sellers of divisible assets can choose how much of their... Read More
Qing Liu, Lucy White Andrea Buffa Nov 18,2022
Working Paper No.00073-01
Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More
Luc Laeven,Alberto Martin, Vladimir Asriyan Nov 05,2019
Working Paper No.00054-00
We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of... Read More
Published: Review of Economic Studies, 2021, (), -