de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012
welfare under different market structures, considering a benevolent non-profit lender, a for-profit monopolist, and a …, while despite possible information frictions competition typically delivers similar borrower welfare to non-profit lending …. In addition, for-profit lenders are less likely to use joint liability than non-profits. …