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- handle: 10670/1.34oge4
- halshs: halshs-03030433
info:eu-repo/semantics/OpenAccess
Mots-clés
Single crossing property Screening Credit rationing Performance incentives D - Microeconomics/D.D3 - Distribution/D.D3.D31 - Personal Income, Wealth, and Their Distributions D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism Design D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D86 - Economics of Contract: TheorySujets proches
Rationing, Consumer Competence BorrowingCiter ce document
Carmen Camacho et al., « Sorting in Credit Rationing: An Elementary Survey », HAL-SHS : économie et finance, ID : 10670/1.34oge4
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Résumé
This paper reviews the literature in sorting providing with some of the key analytic elements to understand its causes. Among others, sorting has been applied to mechanism design, games and growth theory, allowing for the analysis of strategic behaviors in principal-agent problems. In some applications, an optimal solution can be obtained by introducing a one-dimensional screening device. In practice, screening devices are interest rates, high performance incentives or non-convex technologies that can yield for instance non convex salaries as functions of human capital.