Asymmetric Information, Auditing Commitment, and Economic Growth
نویسندگان
چکیده
منابع مشابه
Asymmetric Information, Auditing Commitment, and Economic Growth∗
We analyze in this paper the growth and welfare consequences arising from the lack of auditing commitment in a credit market with costly state verification. Specifically, two endogenous growth models, of which one allows lenders to commit to costly auditing strategies to identify borrowers’ investment returns and the other does not, are compared. We show that the inability to commit acts as an ...
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We analyze in this paper the growth and welfare consequences arising from the lack of auditing commitment in a credit market with costly state verification. Specifically, two endogenous growth models, of which one allows lenders to commit to costly auditing strategies to identify borrowers’ investment returns and the other does not, are compared. We show that the inability to commit acts as an ...
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ژورنال
عنوان ژورنال: Canadian Journal of Economics/Revue canadienne d'économique
سال: 2013
ISSN: 0008-4085,1540-5982
DOI: 10.1111/caje.12025