Browsing Publikasjoner fra CRIStin - BI by Author "Nenov, Plamen T."
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Endogenous Leverage and Advantageous Selection in Credit Markets
Nenov, Plamen T. (Journal article; Peer reviewed, 2017)I study asset price amplification in an asymmetric information model. Entrepreneurs issue debt to finance investments in a physical asset. They have private information about their success probabilities. For a given debt ...