A Bayesian analysis of payday loans and their regulation

Payday loans are small short-term loans that a borrower must repay or renew on his/her next payday. In states where payday lending is legal, many terms of these loans are regulated, ostensibly to protect the consumer from excessively burdensome lending practices.

MoreLess

Year of publication:	2012
Authors:	Li, Mingliang ; Mumford, Kevin J. ; Tobias, Justin L.
Published in:	Journal of Econometrics. - Elsevier, ISSN 0304-4076. - Vol. 171.2012, 2, p. 205-216
Publisher:	Elsevier

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010588320