banking systems, however, there has been ongoing debate on the question of whether an uncovered demand for microlending …

mainly replace existing not subsidized savings and that supplier induced demand is an important factor. Using data from the …

to share private demand information. However, by assuming verifiability of demand data, these models ignore the … possibility of strategic misinformation. We show that if firms can send misleading demand information, they will do so …. Furthermore, we derive a costly signaling mechanism implementing demand revelation, even without verifiability. For the case of a …