Economic theory predicts market failure in the market for early childhood education and care (ECEC) due to information asymmetries. We empirically investigate information asymmetries between parents and ECEC professionals in Germany, making use of a unique extension of the German Socio-Economic...

The dissertation is located within the (behavioral) economics of education and focuses on institutional determinants of educational outcomes, evaluation of educational policies, and educational inequality. More specifically, after an introduction in chapter 1, the first part (chapter 2) seizes...

The Bolivian evidence shows that microfinance lending technologies are well designed to cope with different kinds of risk. The innovations provided in this financial sector show more strengths than weaknesses to overcome information asymmetries. Furthermore, group and individual loans are...

The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...