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Author: Massimo Morelli
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Madhav S, Aney, Maitreesh Ghatak and Massimo Morelli
We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed he...Read more...
1 July 2011
Maitreesh Ghatak, Massimo Morelli and Tomas Sjostrom
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in th...Read more...