Blar i Publikasjoner fra CRIStin - BI på forfatter "Nenov, Plamen T."
-
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 ...