Information Sharing in Credit Markets: Incentives for Incorrect Information Reporting
نویسندگان
چکیده
منابع مشابه
Information Sharing in Credit Markets: A Survey
Information sharing about borrowers’ characteristics and their indebtedness can have important effects on credit markets activity. First, it improves the banks’ knowledge of applicants’ characteristics and permits a more accurate prediction of their repayment probabilities. Second, it reduces the informational rents that banks could otherwise extract from their customers. Third, it can operate ...
متن کاملThe Emergence of Information Sharing in Credit Markets
We examine how asymmetric information and competition in the credit market affect voluntary information sharing between lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers from bad ones, because borrowers may exogenously switch locations. Lenders, however, are also engaged in spatial competition, and lose market power by sh...
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G that information technology (IT) security has emerged as an important issue in the last few years, the subject of security information sharing among firms, as a tool to minimize security breaches, has gained the interest of practitioners and academics. To promote the disclosure and sharing of cyber security information among firms, the U.S. federal government has encouraged the establishment ...
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We study the problem of loan enforcement in an informal credit market with limited information flow. Specifically, credit histories of borrowers are not available, raising the possibility of endemic default. We show that if there is some minimum proportion of “natural defaulters” in the population, then there exists an equilibrium characterized by certain simple behavior rules for lenders and b...
متن کاملPanel Summary: Incentives, Markets and Information Security
Economics and information security should be naturally related: the former deals with the value and distribution of scarce resources, while the latter focuses on protecting and controlling valued resources. Indeed, the observation that information security should be informed by economic theory is not new. Anderson [1] and others have explicitly highlighted the relationship, which can be seen as...
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ژورنال
عنوان ژورنال: Comparative Economic Studies
سال: 2008
ISSN: 0888-7233,1478-3320
DOI: 10.1057/ces.2008.10