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The role of «perceived loss» aversion on credit screening: an experiment
Jaramillo-Gutiérrez, Ainhoa; Bediou, Benoit; Comeig, Irene; Sander, David Asociación Española de Contabilidad y Administración de Empresas, AECA (2013)A major characteristic of credit markets is information asymmetry.To combat its problems, as credit rationing, principals can use a menu of contracts to screen clients with different risk level. We conduct a laboratory ...