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importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology derived …; and 3) a dynamic repayment incentive that extends preferential pricing on future loans to borrowers who remain in good … hazard effects on repayment, and thereby generates unique evidence on the existence and magnitudes of specific credit market …
Persistent link: https://www.econbiz.de/10010723993
importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology derived …; and 3) a dynamic repayment incentive that extends preferential pricing on future loans to borrowers who remain in good … hazard effects on repayment, and thereby generates unique evidence on the existence and magnitudes of specific credit market …
Persistent link: https://www.econbiz.de/10005414667
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We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...
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