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 …
