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UID:calendar.136941.field_date.0@www.tse-fr.eu
DTSTAMP:20260417T000132Z
CREATED:20250228T091001Z
DESCRIPTION:Maryam Farboodi (Massachusetts Institute of Technology)\, “Equi
 librium Spillover of Big Data”\, Economic Theory Seminar\, Toulouse: TSE\,
  September 23\, 2025\, 11:00–12:15Finance Seminar\, Toulouse: TSE\, Septem
 ber 23\, 2025\, 11:00–12:15\, room Auditorium 3.\n\nWe study a model of cr
 edit markets with adverse selection where ex-ante identical lenders invest
  in a screening technology to reduce their type I and type II error in ide
 ntifying good borrowers. A rich market structure emerges in equilibrium wi
 th continuous heterogeneity in lender screening and non-assortative matchi
 ng between lenders and borrowers. Furthermore\, the equilibrium features a
  hockey stick interest rate schedule—a segmented market structure with var
 iable degrees of fragmentation across different level of borrower opacity.
  We demonstrate that this market structure is robust to changes in the scr
 eening technology as well as lender entry. We then use the model to study 
 the impact of AI adoption and mandatory data sharing regulation on the cre
 dit market and show that while AI adoption leads to more financial inclusi
 on\, data sharing does not benefit the underserved population and counteri
 ntuitively\, increases the inequality in financial access.
DTSTART;TZID=Europe/Paris:20250923T120000
DTEND;TZID=Europe/Paris:20250923T131500
LAST-MODIFIED:20260113T095129Z
LOCATION:Toulouse: TSE\, September 23\, 2025\, 11:00–12:15Toulouse: TSE\, S
 eptember 23\, 2025\, 11:00–12:15\, room Auditorium 3
SUMMARY:Economic Theory Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2025-equilibrium-spillover-big-
 data
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