Multiple Equilibria in Markets with Screening
在Broecker(1990)基础上引入内生筛选，证明银行筛选强度会降低其他银行申请企业的平均质量，从而产生多重筛选均衡，并讨论了银行业集中度与信贷扩张的关系。
This paper adds endogenous screening to Broecker (1990) and shows the possibility of multiple screening equilibria. A high intensity of screening by a bank decreases average quality of firms applying to other banks, which in turn have further incentives to screen. The link between the degree of concentration of the banking industry and the extension of credit is also discussed.