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Browsing Recerca: working papers, informes, etc. by Author "Faure Grimaud, Antoine"

Browsing Recerca: working papers, informes, etc. by Author "Faure Grimaud, Antoine"

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  • Chemla, Gilles; Faure Grimaud, Antoine (1996-03-01)
    This paper argues that the strategic use of debt favours the revelation of information in dynamic adverse selection problems. Our argument is based on the idea that debt is a credible commitment to end long term ...

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