Dynamic incentives, where incentives to repay are generated by granting access to future loans, is one of the practices used by microfinance institutions (MFIs) to ensure high repayment rates. In this paper, I present a model of dynamic incentives where lenders are uncertain over how much...

I analyze a model in which different agents have different non-rational expectations about the future price and cash flows of a risky asset. The beliefs in the society evolve according to a very general class of evolution functions that are monotone; that is if one type has increased its share in...

We experimentally study the effect of alternative campaign finance systems - as characterized by different information structure about donors - on donations, election outcomes, political candidates' policy choices, and welfare. Three alternative campaign finance systems are considered: a full...

This paper explores in some detail urban areas as the place of origin of fertility transition in sub-Saharan Africa. The objectives of the paper are two-fold. First,we provide an overview of the role of urban areas in reproductive change by examining recent data on levels and trends of fertility...