NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Competitive Lending with Partial Knowledge of Loan Repayment

William A. Brock, Charles F. Manski

NBER Working Paper No. 14378
Issued in October 2008

---- Acknowledgements -----

Brock’s research was supported in part by National Science Foundation grant SES-0518274 and by the Vilas Trust. Manski’s research was supported in part by National Science Foundation grant SES- 0549544. We have benefitted from the opportunity to present this work in a seminar at the Federal Reserve Bank of Chicago, at the June 2008 conference on Bayes Savaged in the Extreme, Norwegian School of Economics and Business Administration, and at the March 2009 conference on Housing, Debt and Financial Market Expectations, Judge Business School, University of Cambridge. We are grateful for comments from Gadi Barlevy. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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