Guha, Brishti; Roy Chowdhury, Prabal - Volkswirtschaftliche Fakultät, … - 2012
We develop a tractable model of competition among motivated MFIs. We find that equilibria may or may not involve double-dipping (and consequently default), with there being double-dipping whenever the MFIs are very profit-oriented. Moreover, in an equilibrium with double-dipping, borrowers who...