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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

Rural financial markets in developing countries

Conning, Jonathan; Udry, Christopher - 2005

This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty. We place particular emphasis on studying the important role of financial intermediaries, competition and regulation in shaping the changing structure and...

Persistent link: https://www.econbiz.de/10011608219

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

Elasticities of demand for consumer credit

Karlan, Dean (contributor); Zinman, Jonathan (contributor) - 2005

present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance … well and is consistent with liquidity constraints that decrease with income. -- credit markets ; microfinance ; demand …

Persistent link: https://www.econbiz.de/10003279696

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