ERC Consolidator Grant · 2017
Empirical Analyses of Markets for Consumer Financial Products and their Effects
This proposal presents three broad projects on information frictions in households' credit markets and on the consequences of these frictions for durable good markets. Specifically, an influential theoretical literature in information economics has shown that borrowing constraints can arise in equilibrium when borrowers and lenders have asymmetric information about borrowers' risks. Hence, the first project aims to provide the first empirical analyses of markets (i.e., demand and supply) with asymmetric information and nonexclusive trades---i.e., markets in which households can purchase multiple insurance contracts, such as in life insurance markets, or can open multiple credit lines, such…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.
← All labs at London School of Economics and Political Science (LSE)