Loan Size as a Commitment Device
- 1 February 1998
- journal article
- Published by JSTOR in International Economic Review
- Vol. 39 (1) , 135
- https://doi.org/10.2307/2527234
Abstract
We model risky lending with costly state verification, but without commitment to an audit strategy. The borrower under-reports with a positive probability in th...Keywords
This publication has 0 references indexed in Scilit: