This paper analyzes the problem of deriving predictions, regarding supply behavior of acompetitive firm, from prior consistency postulates about input-output choices made by such afirm. It extends the literature by introducing a consistency postulate for firm choice, which isweaker than...

In this paper we empirically examine the impact of competition between Microfinance Institutions(MFIs) on the efficacy of loan contracts when the MFIs make use of joint liability loan contracts. Morespecifically, we aim to find out whether competition will reduce the power of the self-selection...