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Liquidity shortages in a model with equilibrium shirking
Atolia, Manoj; Marquis, Milton H. - 2011
Persistent link: https://www.econbiz.de/10014306492
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; 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/10010369211
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Competitive Microcredit Markets: Differentiation and ex-ante Incentives for Multiple Borrowing
Casini, Paolo - 2010
We analyze an oligopolistic microcredit market characterized by asymmetric infirmation and institutions that can offer only one type of contract. We study the effects of competition on contract choice when small entrepreneurs can borrow from more than one institution due to the absence of credit...
Persistent link: https://www.econbiz.de/10010313284
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When do we have borrower or credit volume rationing in competitive credit market with imperfect information?
Kraus, Daniel - 2010
This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...
Persistent link: https://www.econbiz.de/10010319299
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A model of income insurance and social norms
Lindbeck, Assar; Persson, Mats - 2006
hazard ex post mainly analyzes how a ?moral hazard constraint? can make the individual abstain from fraud (?mimicking?). The …
Persistent link: https://www.econbiz.de/10010261422
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004
of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation …
Persistent link: https://www.econbiz.de/10010325499
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A General Equilibrium Analysis of Inflation and Microfinance in Developing Countries
Müller, Daniel - 2013
This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …
Persistent link: https://www.econbiz.de/10011390685
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010294777
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010274989
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A Model of Income Insurance and Social Norms
Lindbeck, Assar; Persson, Mats - 2006
hazard ex post mainly analyzes how a "moral hazard constraint" can make the individual abstain from fraud ("mimicking"). The …
Persistent link: https://www.econbiz.de/10010320113