Guha, Brishti; Chowdhury, Prabal Roy - In: Journal of Development Economics 105 (2013) C, pp. 86-102
put some weight on their own clients' utility. We find that the equilibrium involves double-dipping, i.e. borrowers taking … multiple loans from different MFIs, whenever the MFIs are relatively profit-oriented. Further, double-dipping necessarily leads … double-dip. Interestingly, an increase in MFI competition can increase the extent of double-dipping and default. Further, the …