Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

This study examines whether there is spatial integration between and within paddy markets in the North and South of Vietnam. The empirical model developed uses estimates oftransfer costs to generalize Ravallion’s model of spatial market integration to allow for threshold effects. A sequential...