McIntosh, Craig; Sadoulet, Elisabeth; Buck, Steven; … - In: Journal of Economic Behavior & Organization 95 (2013) C, pp. 270-285
We present the results of a new laboratory experiment designed to mimic the ways in which credit bureaus will alter microfinance markets. Where loans are taken in groups, bureaus can build reputations for borrowers at the group or the individual level, and the optimal contract is not obvious. In...