that will reduce sorting, promote equal access to quality healthcare services

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

We show how financial and managerial constraints impede experimentation and thus limit learning about the profitability of investments. Imperfect information about one's own type, but willingness to experiment to learn one's type, leads to short-run negative expected returns to investments, with...

This study was designed to assess the problems of microcredit among microenterprises in Nigeria and make recommendations for remedial strategies. Microcredit refers to small loans made available to small producers and entrepreneurs to enable them start new productive activities, grow or sustain...

In the early 2000, in Romania, there were fewer programs to stimulating business environment and in this case the SMEs. After a transition period, various attempts to implement a financial and logistical support from the state were beginning to bear fruit with the year 2009 and take hold in...