| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1958 |
| DP1958 Explaining Movements in the Labour Share | |
| Samuel Bentolila; Gilles Saint-Paul | |
| 发表日期 | 1998-09-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We analyse competition among banks when banks can use creditworthiness tests that generate (imperfect) information about borrowers. When banks can strategically adjust the test characteristics by investing resources in the screening technology, we show that credit markets are not easily contestable. An increase in the intensity of competition may have little effects on incumbents' conduct and overall market shares. Moreover, we provide conditions under which screening efforts are reduced by competition. In such situations the quality of the overall loan portfolio declines and the economy incurs higher aggregate risk due to the lower quality of banks' information production. The welfare gains from integrating fragmented loan markets can actually be negative. |
| 主题 | Financial Economics |
| 关键词 | Banking competition Creditworthiness tests Imperfect information |
| URL | https://cepr.org/publications/dp1958 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531091 |
| 推荐引用方式 GB/T 7714 | Samuel Bentolila,Gilles Saint-Paul. DP1958 Explaining Movements in the Labour Share. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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