“trust game” in parallel with a finitely repeated “microcredit game.” There are two agent types: “regular” and “trustworthy … (modeled by the level of trust) in the community where the group lending programs are located. Agents play a finitely repeated … conditions under which the presence of trust as an equilibrium of the trust game can enhance the success of the group lending …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the … repay a group loan to safeguard their reputation. We show that the introduction of group loans with individual liability … importance to their reputation will select into individual liability loans, causing default rates and interest rates to rise for …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the … repay a group loan to safeguard their reputation. We show that the introduction of group loans with individual liability … importance to their reputation will select into individual liability loans, causing default rates and interest rates to rise for …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the … repay a group loan to safeguard their reputation. We show that the introduction of group loans with individual liability … importance to their reputation will select into individual liability loans, causing default rates and interest rates to rise for …

This paper shows that market fragility and mass default can arise in microcredit markets as a result of the strategic … interaction between a microlender using a reputation-based mechanism and a traditional lender using physical collateral. In our … rather than microfinance in isolation …

achieved with an informal enforcement mechanism, reputation, the efficacy of which is enhanced by consumers investing in …

, reputation, the efficacy of which is enhanced by consumers investing in “connectedness,” with a formal mechanism, legal …

Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …

Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …