why micro‐lending institutions grant loans to poor individuals countering well‐known models of credit markets and credit … implications – The paper includes implications for the administration of micro‐credit loans in China and other developing nations …

loans. Students were used to test people's spontaneous estimates of loan cost when only the payment pattern was known, but … rather than relative measures when ranking loans. This leads to a bias against loans of longer duration. This can be avoided …

why micro-lending institutions grant loans to poor individuals countering well-known models of credit markets and credit … implications – The paper includes implications for the administration of micro-credit loans in China and other developing nations …

; and 3) a dynamic repayment incentive that extends preferential pricing on future loans to borrowers who remain in good …

the credit market. We document that, following deregulation, (1) overall lending increased, (2) loss rates on loans …