Lender Learning.pdf

Lender learning and entry under demand uncertainty.pdf
Preview of Lender Learning
🔗 Source: openaccess.city.ac.uk
📊 Size: 275 KB
👤 Author: Neil Stewart
⬇️ Downloads: 153

Summary

This paper examines the effect of demand uncertainty on the properties of the first period contract between a lender and the incumbent, when there is a threat of entry, and finds that entry has no effect on the incumbent's incentives and leads the lender to learn less, unlike the cost uncertainty case.

Description

This paper examines the effect of demand uncertainty on the properties of the first period contract between a lender and the incumbent, when there is a threat...

Technical Information

  • File Format: PDF
  • File Size: 275 KB
  • Pages: 9
  • Language: EN
  • Author: Neil Stewart
  • Total Downloads: 153
  • Last Updated: 2 weeks ago

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