Communication, lending relationships and collateral

  • Marta Serra-Garcia Marta Serra-Garcia

This thesis consists of two parts. The Örst part ìCommunication in Public Good Gamesî contains two studies on communication, in situations where telling the (precise) truth conáicts with monetary incentives. The second part ìMoral Hazard in the Credit Marketî consists of two studies on moral hazard and contracts between principals and agents, with a focus on the credit market. The role of incentives such as reputation and relationship formation, on the one hand, and the e§ect of collateral, on the other, are studied.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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