Debt moratoria that allow borrowers to postpone loan payments are a frequently used tool intended to soften the impact of economic crises. This paper reports results from a nationwide experiment with a large consumer lender in India, designed to study how debt forbearance offers affect loan...

This paper documents extensive commitment to mandatory debt repayment. In a natural experiment in which households can apply for free mortgage-payment flexibility for one to twelve months, 43 percent of applicants choose a dominated option of short flexibility. I argue that short flexibility...

Although there is a lot of evidence for the positive welfare effects of contract farming, it is not clear how to integrate farmers into contracts and how to maintain stable long-term-relationships between farmers and agri-business firms. While Contract Farming is a formal institutional...