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Micro-finance competition: motivated micro-lenders, double-dipping and default
Guha, Brishti; Roy Chowdhury, Prabal - Volkswirtschaftliche Fakultät, … - 2012
-dipping (and consequently default), with there being double-dipping whenever the MFIs are very profit-oriented. Moreover, in an … default equilibrium. Interestingly, an increase in MFI competition can lower efficiency, as well as increase the extent of … double-dipping and default. Further, the interest rates may go either way, with the interest rate likely to increase if the …
Persistent link: https://www.econbiz.de/10009422002
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Incentives, Supervision and Regulation of Microfinance Institutions in the developing countries
Founanou, Mathurin; Ratsimalahelo, Zaka - Volkswirtschaftliche Fakultät, … - 2012
We analyze the optimal regulation of a MFI that has private information on the intrinsic quality of its loan portfolio (adverse selection) and where the MFI’s choice of effort to improve this quality cannot be observed by the regulator (moral hazard). In designing optimal contracts the...
Persistent link: https://www.econbiz.de/10011259987
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Adverse selection and moral hazard among the poor: evidence from a randomized experiment
Spenkch, Jörg L. - Volkswirtschaftliche Fakultät, … - 2011
Not only does economic theory predict high-risk individuals to be more likely to purchase insurance, but insurance coverage is also thought to crowd out precautionary activities. In spite of stark theoretical predictions, there is conflicting empirical evidence on adverse selection, and evidence...
Persistent link: https://www.econbiz.de/10009644911
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Micro-microcrédit et asymétries d’information : cas du Maroc
Abdelhamid, El Bouhadi; Omar, Essardi - Volkswirtschaftliche Fakultät, … - 2007
In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and...
Persistent link: https://www.econbiz.de/10008490565
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Сучасні моделі фінансових криз
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2010
The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні...
Persistent link: https://www.econbiz.de/10008927055
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Негативні аспекти глобалізаційного процесу на фінансову систему
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2009
The negative aspects of influence of globalization’s externalities on national financial system and the role of globalization in the development of crisis are analyzed. The author considers modern methods of regulation of short term capital flows, which influence on the financial market is...
Persistent link: https://www.econbiz.de/10008927061
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Modeling Health Insurance Choices in “Competitive” Markets
Keane, Michael - Volkswirtschaftliche Fakultät, … - 2004
This paper describes how state-of-the-art methods of choice modeling can be used to analyze consumer choice behavior in "competitive" health insurance markets. I use the insurance choices of senior citizens in the U.S. as an example. I then consider the issue of whether consumers benefit when we...
Persistent link: https://www.econbiz.de/10011108799
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Adaptive interactive profit expectations using small world networks and runtime weighted model averaging
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2008
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive interactive profit expectations model (AIE)....
Persistent link: https://www.econbiz.de/10011260058
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Game theory on strategic communication: an approach from Thomas S. Schelling
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10008541485
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Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248