Guha, Brishti; Chowdhury, Prabal Roy - School of Economics, Singapore Management University - 2012
We develop a tractable model of competition among motivated MFIs. We find that equilibria may or may not involve double-dipping … (and consequently default), with there being double-dipping whenever the MFIs are very profit-oriented. Moreover, in an … equilibrium with double-dipping, borrowers who double-dip are actually worse off compared to those who do not. Further, for …