CEIS-Tor Vergata is pleased to inform you that, on Friday December 16th, 2011 at 12.00 pm, prof. Piero Gottardi (European University Institute) will present a paper on “Bankruptcy: Is It Enough to Forgive or Must We Also Forget?” The Seminar will be held at the Faculty of Economics, University of Rome "Tor Vergata", B-building, 1° floor, room B Please, go to www.ceistorvergata.it for the complete list of seminars and events at CEIS. How to reach us: http://web.uniroma2.it/mobilita/index.html http://www.economia.uniroma2.it/area.asp?a=867 ABSTRACT In many countries, lenders are restricted in their access to information about borrowers’ past defaults. We study this provision in a model of repeated borrowing and lending with moral hazard and adverse selection. We analyze its effects on borrowers’ incentives and access to credit, and identify conditions under which it is optimal. We argue that “forgetting” must be the outcome of a regulatory intervention by the government. Our model’s predictions are consistent with the cross-country relationship between credit bureau regulations and the provision of credit, as well as the evidence on the impact of these regulations on borrowers’ and lenders’ behavior. Barbara Piazzi __________ Informazioni da ESET NOD32 Antivirus, versione del database delle firme digitali 6707 (20111213) __________ Il messaggio è stato controllato da ESET NOD32 Antivirus. www.nod32.it |
Archivio con motore MhonArc 2.6.16.