Informational rents in bank lending:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Berlin
dissertation.de - Verl. im Internet
2005
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 122 S. IV, 111 S. graph. Darst. |
| ISBN: | 3866240074 |
Staff View
MARC
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| 245 | 1 | 0 | |a Informational rents in bank lending |c von Frank Niemeyer |
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| 300 | |a 122 S. |b IV, 111 S. |c graph. Darst. | ||
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Record in the Search Index
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|---|---|
| adam_text | Contents
1 Introduction 1
1.1 Some General Introductory Comments 2
1.2 Outline of the Analysis 8
2 Information Sharing and Winner s Curse 11
2.1 Introduction 11
2.2 Basic Model 15
2.3 Asymmetric Information Case 17
2.3.1 Second Period 17
2.3.1.1 Equilibrium 20
2.3.1.2 Results of the Second Period 23
2.3.2 First Period 25
2.3.3 Summary 26
2.4 Model with Information Sharing 27
2.5 Comparison of the Two Systems 29
2.5.1 Standard case 29
2.5.2 Determination of a Price 32
2.6 Conclusion 35
Appendix 35
3 An Experiment in Banking 47
iii
iv CONTENTS
3.1 Introduction 47
3.2 Model 49
3.2.1 Theoretical Background 49
3.2.2 Derivation of the Hypotheses 52
3.3 Experimental Design 55
3.4 Analysis and Results 57
3.4.1 Repayment Claims 58
3.4.2 Payoffs 63
3.4.3 Treatment Comparison 65
3.4.4 Behavioral Aspects 67
3.5 Conclusion 70
Appendix 71
4 The General and the Rating Framework 81
4.1 Introduction 81
4.2 Model 85
4.3 Loan market 88
4.3.1 Benchmarks 89
4.3.2 Characteristics of the Loan Market Equilibrium .... 91
4.3.2.1 Both Banks Receive a Private Signal 93
4.3.2.2 In Addition to a Public Signal, One Bank Re¬
ceives a Private Signal 96
4.4 Discussion 101
4.5 Conclusion 102
Appendix 103
j
i
1
I
i List of Figures
2.1 Timing of actions without information sharing 18
2.2 Development of repayment claims over two periods without
information sharing for B and G type borrowers 27
2.3 Timing of actions with information sharing 29
2.4 Development of repayment claims over two periods with infor¬
mation sharing for B and G type borrowers 30
2.5 Development of repayment claims over two periods for a B
type borrower with and without information sharing 31
2.6 Development of repayment claims over two periods for a G
type borrower with and without information sharing 32
3.1 Customer characteristics 49
3.2 Timing of actions and events 52
3.3 Development of repayment claims over two periods for B and
G type borrowers . 53
4.1 Customer characteristics 86
4.2 Timing of events and actions 88
4.3 Break even benchmarks with dependency on signal preciasion. 92
v
|
| adam_txt |
Contents
1 Introduction 1
1.1 Some General Introductory Comments 2
1.2 Outline of the Analysis 8
2 Information Sharing and Winner's Curse 11
2.1 Introduction 11
2.2 Basic Model 15
2.3 Asymmetric Information Case 17
2.3.1 Second Period 17
2.3.1.1 Equilibrium 20
2.3.1.2 Results of the Second Period 23
2.3.2 First Period 25
2.3.3 Summary 26
2.4 Model with Information Sharing 27
2.5 Comparison of the Two Systems 29
2.5.1 Standard case 29
2.5.2 Determination of a Price 32
2.6 Conclusion 35
Appendix 35
3 An Experiment in Banking 47
iii
iv CONTENTS
3.1 Introduction 47
3.2 Model 49
3.2.1 Theoretical Background 49
3.2.2 Derivation of the Hypotheses 52
3.3 Experimental Design 55
3.4 Analysis and Results 57
3.4.1 Repayment Claims 58
3.4.2 Payoffs 63
3.4.3 Treatment Comparison 65
3.4.4 Behavioral Aspects 67
3.5 Conclusion 70
Appendix 71
4 The General and the Rating Framework 81
4.1 Introduction 81
4.2 Model 85
4.3 Loan market 88
4.3.1 Benchmarks 89
4.3.2 Characteristics of the Loan Market Equilibrium . 91
4.3.2.1 Both Banks Receive a Private Signal 93
4.3.2.2 In Addition to a Public Signal, One Bank Re¬
ceives a Private Signal 96
4.4 Discussion 101
4.5 Conclusion 102
Appendix 103
j
i
1
I
i List of Figures
2.1 Timing of actions without information sharing 18
2.2 Development of repayment claims over two periods without
information sharing for B and G type borrowers 27
2.3 Timing of actions with information sharing 29
2.4 Development of repayment claims over two periods with infor¬
mation sharing for B and G type borrowers 30
2.5 Development of repayment claims over two periods for a B
type borrower with and without information sharing 31
2.6 Development of repayment claims over two periods for a G
type borrower with and without information sharing 32
3.1 Customer characteristics 49
3.2 Timing of actions and events 52
3.3 Development of repayment claims over two periods for B and
G type borrowers . 53
4.1 Customer characteristics 86
4.2 Timing of events and actions 88
4.3 Break even benchmarks with dependency on signal preciasion. 92
v |
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| discipline_str_mv | Rechtswissenschaft Wirtschaftswissenschaften |
| format | Thesis Book |
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| id | DE-604.BV021240722 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T13:31:15Z |
| indexdate | 2024-07-09T20:28:35Z |
| institution | BVB |
| isbn | 3866240074 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014283421 |
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| physical | 122 S. IV, 111 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | dissertation.de - Verl. im Internet |
| record_format | marc |
| spelling | Niemeyer, Frank 1974- Verfasser (DE-588)130365866 aut Informational rents in bank lending von Frank Niemeyer Berlin dissertation.de - Verl. im Internet 2005 122 S. IV, 111 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zugl.: Bonn, Univ., Diss., 2005 Kreditgeschäft (DE-588)4134687-7 gnd rswk-swf Asymmetrische Information (DE-588)4120934-5 gnd rswk-swf Beziehungsmanagement (DE-588)4326109-7 gnd rswk-swf Informationswert (DE-588)4123429-7 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Kreditgeschäft (DE-588)4134687-7 s Asymmetrische Information (DE-588)4120934-5 s Beziehungsmanagement (DE-588)4326109-7 s Informationswert (DE-588)4123429-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014283421&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Niemeyer, Frank 1974- Informational rents in bank lending Kreditgeschäft (DE-588)4134687-7 gnd Asymmetrische Information (DE-588)4120934-5 gnd Beziehungsmanagement (DE-588)4326109-7 gnd Informationswert (DE-588)4123429-7 gnd |
| subject_GND | (DE-588)4134687-7 (DE-588)4120934-5 (DE-588)4326109-7 (DE-588)4123429-7 (DE-588)4113937-9 |
| title | Informational rents in bank lending |
| title_auth | Informational rents in bank lending |
| title_exact_search | Informational rents in bank lending |
| title_exact_search_txtP | Informational rents in bank lending |
| title_full | Informational rents in bank lending von Frank Niemeyer |
| title_fullStr | Informational rents in bank lending von Frank Niemeyer |
| title_full_unstemmed | Informational rents in bank lending von Frank Niemeyer |
| title_short | Informational rents in bank lending |
| title_sort | informational rents in bank lending |
| topic | Kreditgeschäft (DE-588)4134687-7 gnd Asymmetrische Information (DE-588)4120934-5 gnd Beziehungsmanagement (DE-588)4326109-7 gnd Informationswert (DE-588)4123429-7 gnd |
| topic_facet | Kreditgeschäft Asymmetrische Information Beziehungsmanagement Informationswert Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014283421&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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