Electronic Resource
Springer
The journal of real estate finance and economics
21 (2000), S. 23-44
ISSN:
1573-045X
Keywords:
credit rationing
;
discrimination
;
mortgage
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract How can economically costly discrimination persist in a competitive market? Previous research into this question has focused on market imperfections which prevent competitive forces from eliminating the economically costly behavior. In this paper we show that lending discrimination is not always costly (to the lender). This has two important implications. First, lending discrimination may persist indefinitely, even in a competitive market. Second, tests for lending discrimination based on profits (or default rates) may be unable to detect discrimination when it exists.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1007809318988
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