Showing 1 - 10 of 32
Microfinance continues to play an ever increasing role in approaches topoverty alleviation around the world. Yet despite the attention paid tomicrofinance, the design of credit contracts for small uncollateralized loansremains a bit of a mystery. From its inception, microfinance generated agreat...
Persistent link: https://www.econbiz.de/10008860681
We analyze optimal contracts and optimal matching patterns in a simple model of partnershipwhere there is a double-sided moral hazard problem and potential partners differ intheir productivity in two tasks. It is possible for one individual to accomplish both tasks (soleproduction) and there are...
Persistent link: https://www.econbiz.de/10008860709
The National Health Insurance Scheme (Rashtriya Swasthya Bima Yojana, RSBY) aims to improve poor people’s access to quality health care in India. This paper looks at the implementation of the scheme in Karnataka, drawing on a large survey of eligible households and interviews with empanelled...
Persistent link: https://www.econbiz.de/10008860712
This paper analyzes an environment where a plotof land is currently under agricultural use under tenancy, andboth the landlord and the tenant can invest to enhance agricultural productivity. There is the possibility of converting theland to non-agricultural use. We analyze the incentives of...
Persistent link: https://www.econbiz.de/10008860713
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...
Persistent link: https://www.econbiz.de/10008860714
This paper analyzes how preferences for a non-economic characteristic, such as caste, canaffect equilibrium patterns of matching in the marriage market, and empirically evaluates thisin the context of arranged marriages among middle-class Indians. We develop a model thatdemonstrates how the...
Persistent link: https://www.econbiz.de/10008860715
This paper analyzes the theoretical underpinnings of high-frequency repayment, a featurein nearly all microfi…nance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repaymentrates is puzzling....
Persistent link: https://www.econbiz.de/10008860716
We study an economy where agents are heterogeneous in terms of observablewealth and unobservable talent. Adverse selection forces creditors to ask forcollateral. We study the two-way interaction between rationing in the creditmarket and the wages offered in the labor market. Both pooling and...
Persistent link: https://www.econbiz.de/10008860717
This paper analyzes the role of public and private responsibility in the provision of publicgoods. We emphasize that a typical public good will require many different inputs whichraises the possibility of partnerships to exploit comparative advantages of different parties.But hold-up problems...
Persistent link: https://www.econbiz.de/10008860718
A key issue in the debate over gun control is how it will affectthe relative incentives of criminals and law-abiding citizens to acquireguns. We propose a simple model of interaction of criminals and law-abiding citizens as a contest where the parties arm themselves in orderto improve their...
Persistent link: https://www.econbiz.de/10008860719