Microeconomic Behavior of Agents in a Credit-Output Market in an Agricultural Setting

Rural agents engage in interlocking market transactions to minimize costs due to underdevelopment of rural markets. This study aims to model the economic behavior of agents in a credit-output market. Results indicate the prevalence of high interest rates in developed areas. Where income is low, transaction costs are high and the market is segmented, informal lenders are useful on efficiency grounds. Hence, the first-best solution appears to be augmenting farmer’s income.

MoreLess

Year of publication:	1989
Authors:	Geron, Maria Piedad S.
Institutions:	Philippine Institute for Development Studies (PIDS), Government of the Philippines
Subject:	economic/development modelling \| income \| rural sector \| credit market \| transaction cost

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Philippine Journal of Development.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number JPD 1989 Vol. XVI No.1-a http://dirp4.pids.gov.ph/ris/pjd/pidsjpd89-1agents.pdf
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005092808