Obiettivo This proposal presents three broad projects on information frictions in households' credit markets and on theconsequences of these frictions for durable good markets. Specifically, an influential theoretical literature ininformation economics has shown that borrowing constraints can arise in equilibrium when borrowers andlenders have asymmetric information about borrowers' risks. Hence, the first project aims to provide the firstempirical analyses of markets (i.e. demand and supply) with asymmetric information and nonexclusivetrades---i.e. markets in which households can purchase multiple insurance contracts, such as in lifeinsurance markets, or can open multiple credit lines, such as in credit card markets. The second project aimsto study recent regulations of fees and prices in markets for consumer financial products, such as mortgages,that could have the unintended consequences of increasing households' cost of credit and, thus, of tighteningtheir borrowing constraints. Finally, the third project aims to study the role of borrowing constraints indurable goods markets, with a special focus on car markets during the Great Recession.All these projects aim to develop and estimate structural models using data from different markets. I furtherplan to use the estimated structural parameters to perform counterfactual policy analyses in each of thespecific markets analyzed in these projects. Campo scientifico social scienceseconomics and businesseconomics Programma(i) H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC) Main Programme Argomento(i) ERC-2017-COG - ERC Consolidator Grant Invito a presentare proposte ERC-2017-COG Vedi altri progetti per questo bando Meccanismo di finanziamento ERC-COG - Consolidator Grant Istituzione ospitante LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Contribution nette de l'UE € 1 550 945,00 Indirizzo Houghton Street 1 WC2A 2AE London Regno Unito Mostra sulla mappa Regione London Inner London — West Westminster Tipo di attività Higher or Secondary Education Establishments Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Partecipazione a programmi di R&I dell'UE Opens in new window Rete di collaborazione HORIZON Opens in new window Costo totale € 1 550 945,00 Beneficiari (1) Classifica in ordine alfabetico Classifica per Contributo netto dell'UE Espandi tutto Riduci tutto LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Regno Unito Contribution nette de l'UE € 1 550 945,00 Indirizzo Houghton Street 1 WC2A 2AE London Mostra sulla mappa Regione London Inner London — West Westminster Tipo di attività Higher or Secondary Education Establishments Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Partecipazione a programmi di R&I dell'UE Opens in new window Rete di collaborazione HORIZON Opens in new window Costo totale € 1 550 945,00