Sorting in Credit Rationing: An Elementary Survey

Carmen Camacho () and Hye-Jin Cho ()
Additional contact information
Carmen Camacho: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Hye-Jin Cho: Institut d'Études Politiques [IEP] - Paris

Working Papers from HAL

Abstract: 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.

Keywords: Single crossing property; Screening; Credit rationing; Performance incentives (search for similar items in EconPapers)
Date: 2020-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03030433v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-03030433v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-03030433

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().