Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

Annexes to the report prepared by Michigan State University for the World Bank under contract No. 7144132, Strengthening Food Security in Sub-Saharan Africa through Trade Liberalization and Regional Integration

Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

This study records the use of hybrid maize seed and fertilizer by small-scale farmers in Malawi, as well as their opinions about these inputs, from 1989-90 through 1996-97. Its main purpose is to determine whether the principal constraint to smallholders� use of maize hybrids is the...