Psychological and Social Motivations in Microfinance Contracts: Theory and Evidence *
(2022)
Journal Article
Dhami, S., Arshad, J., & Al-Nowaihi, A. (2022). Psychological and Social Motivations in Microfinance Contracts: Theory and Evidence *. Journal of Development Economics, 158, Article 102912. https://doi.org/10.1016/j.jdeveco.2022.102912
We study, theoretically and empirically, the effort choices of microfinance borrowers under individual liability (IL) and joint liability (JL) contracts when loan repayments are made either privately or publicly. Our theoretical model identifies guil... Read More about Psychological and Social Motivations in Microfinance Contracts: Theory and Evidence *.