• Fees, Reputation and Information Production in the Credit Rating Industry 

      Bizzotto, Jacopo; Vigier, Adrien Henri (American Economic Journal: Microeconomics;, Journal article; Peer reviewed, 2021)
      We compare a credit rating agency’s incentives to acquire costly information when it is only paid for giving favorable ratings to the corresponding incentives when the agency is paid upfront, i.e. irrespective of the ...