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Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
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quasi-experimental design with incoming clients of randomly selected participating microfinance institutions as the … recommend that for microfinance programs to be effective as a poverty-alleviation tool there is a need to review and constantly …
Persistent link: https://www.econbiz.de/10011429879
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10010369211
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