IDEAS home Printed from https://ideas.repec.org/a/mcb/jmoncb/v34y2002i2p469-90.html
   My bibliography  Save this article

Signal Jamming in New Credit Markets

Author

Listed:
  • van Tassel, Eric

Abstract

This paper develops a simple two-period model in which a lender's credit operations in a new market end up externalizing information on borrowers' repayment capabilities. This information improves the competitive position of outside lenders by allowing them to enter the credit market with a more accurate description of potential clients. Equilibrium strategies are then identified where an inside lender chooses to offer a costly first-period contract with the explicit objective of distorting the quality of the external information flow in the second period.

Suggested Citation

  • van Tassel, Eric, 2002. "Signal Jamming in New Credit Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 469-490, May.
    • Handle: RePEc:mcb:jmoncb:v:34:y:2002:i:2:p:469-90
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guha, Brishti & Chowdhury, Prabal Roy, 2013. "Micro-finance competition: Motivated micro-lenders, double-dipping and default," Journal of Development Economics, Elsevier, vol. 105(C), pages 86-102.
    2. Sergio Navajas & Jonathan Conning & Claudio Gonzalez-Vega, 2003. "Lending technologies, competition and consolidation in the market for microfinance in Bolivia," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(6), pages 747-770.
    3. Cao-Alvira, José J. & Deidda, Luca G., 2020. "Development of bank microcredit," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    4. Hachem, Kinda, 2011. "Relationship lending and the transmission of monetary policy," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 590-600.
    5. Nitin Navin & Pankaj Sinha, 2019. "Market Structure and Competition in the Indian Microfinance Sector," Vikalpa: The Journal for Decision Makers, , vol. 44(4), pages 167-181, December.
    6. Kaniska Dam & Prabal Roy Chowdhuri, 2015. "Incentives and Competition in Microfinance," Working Papers DTE 579, CIDE, División de Economía.
    7. B. Prasanna Kumar, 2017. "Derived signals for S & P CNX nifty index futures," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-22, December.
    8. Brishti Guha & Prabal Roy Chowdhury, 2012. "Micro-finance competition: Motivated micro-lenders, double-dipping and default," Discussion Papers 12-01, Indian Statistical Institute, Delhi.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:34:y:2002:i:2:p:469-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.