Saha, Bibhas; Thampy, Trivikraman - eSocialSciences - 2008
In this paper a dynamic model of subsidized credit provision is presented to examine how asymmetric information … exacerbates inefficiency caused by corruption. Though designed to empower the underprivileged, the fate of such credit programs … largely depends on the efficiency of the credit delivery system. [IGIDR WP 2004-001]. …