10
14:15 - 15:45
IWH Research Seminar
OCT
2023
14:15 - 15:45
Bailout Addiction: Does Bailout Anticipation Induce Adverse Selection?
The anticipation of a future bailout of distressed firms worsens ex ante adverse selection, causing a market freeze at present and inviting government intervention ("bailout trap").
Who
(Washington University in St. Louis, Olin Business School)