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Search and Information Frictions in Decentralized Markets
This thesis studies the importance and implications of information asymmetry in decentralized markets with search frictions. The first chapter provides an introduction and literature review. In the next chapter, I propose ...
Credit Risk, Insurance and Banking: A Study of Moral Hazard and Asymmetric Information
This dissertation investigates agency problems within risk transfer contracts. We pay particular attention to the consequences of credit risk transfer in the context of banking. The first two chapters provide an introduction ...