Browsing Discussion papers (FOR) by Author "Su, Xunhua"
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A re-examination of credit rationing in the Stiglitz and Weiss model
Su, Xunhua (Discussion paper, Working paper, 2010-11)To explain the widely observed phenomenon of credit rationing, Stiglitz and Weiss (1981) propose a theory of random rationing under imperfect information. With a simple model plausibly expanding the Stiglitz and Weiss ...