Microcredit, a financial tool providing uncollateralized loans to low-income individuals, has seen a shift from joint-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on borrowers matching into groups exposed to similar...

We study the classical, two-sided stable marriage problem under pairwise preferences. In the most generalsetting, agents are allowed to express their preferences as comparisons of any two of their edges and they alsohave the right to declare a draw or even withdraw from such a comparison. This...

We study the classical, two-sided stable marriage problem under pairwise preferences. In the most generalsetting, agents are allowed to express their preferences as comparisons of any two of their edges and they alsohave the right to declare a draw or even withdraw from such a comparison. This...

Microcredit, a financial tool providing uncollateralized loans to low-income individuals, has seen a shift from joint-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on borrowers matching into groups exposed to similar...