Cason, Timothy N.; Gangadharan, Lata; Maitra, Pushkar - In: Journal of Economic Behavior & Organization 82 (2012) 1, pp. 192-209
This paper reports the results from a laboratory microfinance experiment of group lending in the presence of moral hazard and (costly) peer monitoring. We compare peer monitoring treatments in which credit is provided to members of the group to individual lending treatments with lender...
