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Jennifer Brown (Northwestern University)
Toulouse, France, 13–14 mai 2011
Marc Ivaldi (TSE and IDEI)
Doh-Shin Jeon et Stefano Lovo
n° 11-235, 10 mai 2011, révision 25 mai 2012
We study competition between an incumbent Credit Rating Agency (CRA) and a sequence of entrant CRAs that are potentially more effective but whose ability in appraising default risk is unproven when they enter the market. We show that free entry competition fails to select the most competent CRA as...
Eitan Goldman (Indiana University)
Toulouse, France, 5–6 mai 2011
Francesco Decarolis (University of Wisconsin, Madison)
Dan Bogart (UC Irvine)
Ronald Fisher (University of Chile)
Paola Valbonesi (University of Padova)
Jacques Crémer
4 mai 2011
Sophie Moinas
Les Echos, 4 mai 2011
