In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that fi

Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the bas

Provides a comprehensive picture of issues dealing with different sources of entrepreneurial finance and different issues with financing entrepreneurs. The Hand

In credit markets, asymmetric information problems arise when borrowers have private information about their creditworthiness that is not observable by lenders.

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All