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Highway franchising and real estate values

Engel, Eduardo; Fischer, Ronald; Galetovic P., Alexander - 2002

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications...

Persistent link: https://www.econbiz.de/10011609418

Observing unobservables : identifying information asymmetries with a consumer credit field experiment

Karlan, Dean; Zinman, Jonathan - 2005

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...

Persistent link: https://www.econbiz.de/10011610980

What's psychology worth? : a field experiment in the consumer credit market

Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - 2005

Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...

Persistent link: https://www.econbiz.de/10011612044

Tying Odysseus to the mast : evidence from a commitment savings product in the Philippines

Ashraf, Nava; Karlan, Dean; Yin, Wesley - 2005

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....

Persistent link: https://www.econbiz.de/10011612543

Social connections and group banking

Karlan, Dean - 2005

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi-random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10011607418

Using experimental economics to measure social capital and predict financial decisions

Karlan, Dean - 2005

whether behavior in the games predicts repayment of loans to a Peruvian group lending microfinance program. Since the …

Persistent link: https://www.econbiz.de/10011613263

Deposit collectors

Ashraf, Nava; Karlan, Dean; Yin, Wesley - 2005

; microfinance ; field experiment ; savings mobilization ; deposit collector …

Persistent link: https://www.econbiz.de/10003809739

Microfinance games

Giné, Xavier; Jakiela, Pamela; Karlan, Dean; Morduch, … - 2006 - rev.

Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical … perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often … different games that allow us to unpack microfinance mechanisms in a systematic way. We find that risk-taking broadly conforms …

Persistent link: https://www.econbiz.de/10003810306

Household decision making and savings impacts : further evidence from a commitment savings product in the Philippines

Ashraf, Nava; Karlan, Dean; Yin, Wesley - 2006

; microfinance ; female empowerment ; household decision making ; commitment …

Persistent link: https://www.econbiz.de/10003810315

Group versus individual liability : a field experiment in the Philippines

Giné, Xavier; Karlan, Dean - 2007 - rev.

the treatment groups. -- microfinance ; group lending ; group liability ; joint liability ; social capital …

Persistent link: https://www.econbiz.de/10003810319