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- W2024035021 abstract "We show that the joint liability lending contracts derived in Ghatak (2000) violate an ex post incentive‐compatibility constraint which says that the amount of joint liability cannot exceed the amount of individual liability. We derive and characterise optimal separating joint liability contracts incorporating this constraint." @default.
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- W2024035021 date "2005-10-01" @default.
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- W2024035021 title "Joint Liability Lending and the Peer Selection Effect" @default.
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- W2024035021 doi "https://doi.org/10.1111/j.1468-0297.2005.01029.x" @default.
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