Mukherjee, Shirsendu; Bhattacharya, Sukanta - In: Indian Growth and Development Review 8 (2015) 1, pp. 2-18
strength of the social sanction. Findings – This paper shows that under reasonable specification of effort cost, as group size … individual borrower. Thus, given the strength of social sanction, the rising incentive for deviation uniquely determines the … the strength of social sanction prevailing in the society to achieve social efficiency. …