How do borrowers respond to improvements in a lender's ability to punish defaulters? This paper reports the results of a randomized field experiment in rural Malawi that examines the impact of fingerprinting borrowers in a context where a unique identification system is absent. Fingerprinting allows the lender to more effectively use dynamic repayment incentives: withholding future loans from past defaulters while rewarding good borrowers with better...
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详细
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2010/10/01
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政策研究报告
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WPS5438
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1
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1
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2010/10/01
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Disclosed
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Identification strategy : a field experiment on dynamic incentives in rural credit markets
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farmer