Loan Size as a Commitment Device
研究无审计承诺下的风险贷款，发现借款人成功时可能低报，贷款人收到失败报告后可能审计。
We model risky lending with costly state verification but without commitment to an audit strategy. The borrower under-reports with a positive probability in the successful state, and the lender audits with a positive probability after a report of failure.