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| Tekijä: | Townsend, R.M. |
| Otsikko: | Microcredit and mechanism design |
| Lehti: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3. p. 468-477 |
| Asiasana: | Credit Loans |
| Vapaa asiasana: | Mechanism design |
| Kieli: | eng |
| Tiivistelmä: | Individual microcredit loans are not necessarily simple fixed debt obligations, but rather may have contingencies and procedures suggested by the theory of mechanism design. Further, group or joint-liability lending may not be the single miracle cure practitioners claim nor operate the way the logic of a single theory might suggest. There are multiple theories, these theories can be distinguished in data on repayment rates, and the best-fit theory may vary with the environment. |
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