Good Intentions Pave the Way to ... the Local Moneylender

Microborrowers may take usurious loans to repay a loan taken from a micro nance institution because of having neglected the time inconsistency of optimal plans or having discounted future payoffs too strongly from the ex-post perspective. Microfinance programs should strive at preventing such consequences of bounded rationality.

MoreLess

Year of publication:	2012
Authors:	Arnold, Lutz G. ; Booker, Benedikt
Publisher:	Nürnberg : Friedrich-Alexander-Universität Erlangen-Nürnberg, Bavarian Graduate Program in Economics (BGPE)
Subject:	Mikrofinanzierung \| Wucher \| Investition \| Beschränkte Rationalität \| Theorie \| microfinance \| hyperbolic discounting

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	BGPE Discussion Paper ; 126
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	726275395 [GVK] hdl:10419/73430 [Handle] RePEc:bav:wpaper:126_ArnoldBooker [RePEc]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	EconStor

Persistent link: https://www.econbiz.de/10010294724