Cover -- Half Title -- Title -- Copyright -- Original Title -- Original Copyright -- Preface -- Abstract -- Acknowledgements -- List of Symbols -- Table of Contents -- Chapter I. Competitive Markets for Nonhomogeneous Goods -- Introduction -- I. The market for bank loans viewed as a market for a nonhomogeneous good -- A.A ·model of a competitive market for a nonhomogeneous good -- B. Implications for the th_eory of credit rationing -- II. The market for bank loans in the presence o.f uncertainty -- A. General description of the model -- B, Equilibrium in the market for bank loans: an informal discussion -- C. Equilibrium in the market for bank loans: a formal derivation -- D: Comparative statics -- E. Allowing for differences among investment projects -- F. An example -- III, Conclusions -- Appendix -- Footnotes -- References -- Chapter II. An Analysis of Loan Rate Ceilings -- Introduction -- I. The naive theory of loan rate ceilings -- II. A summary of the model -- III. The impact of a ceiling on the loan rate -- A. Equilibrium conditions -- B. h exogenous -- c. h endogenous -- D. Relationship to the naive model -- IV. The short-run impact of monetary policy -- V. Conclusions -- Appendix A -- Appendix B -- Appendix C -- Footnotes -- References -- Chapter III, Moral Hazard and Equilibrium Credit Rationing -- Introduction -- I, The basic model -- A, Assumptions -- B. Equilibrium conditions -- c. The case of fixed project size -- II. Conditions for the existence of moral hazard -- III, A model with putty-clay investment -- A, General description -- B. The case of Cobb-Douglas technology and uniform distribution of prices -- IV. Implications for allocative efficiency -- V. The problem of second loans -- VI. Conclusions -- Appendix A -- Appendix B -- Footnotes -- References -- Biography