Joint Liability Lending and the Peer Selection Effect
Bibliographic Data
| ID | 9712431 |
|---|---|
| Authors | Ira N Gang (0000-0003-3788-8798, India Diabetes Research Foundation), Shubhashis Gangopadhyay (India Development Foundation), Maitreesh Ghatak (0000-0002-6231-5580, London School of Economics and Political Science), Robert Lensink (0000-0001-6448-5164, University of Groningen) |
| Year | 2005 |
| Volume | 115 |
| Issue | 506 |
| Pages | 1005-1015 |
| Publication date | 2005-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2005.01029.x |
| OpenAlex | W2024035021 |
| Language | EN |
| Citations received | 14 |
| References cited | 14 |
We show that the joint liability lending contracts derived in Ghatak (2000) violate an "ex post" incentive-compatibility constraint which says that the amount of joint liability cannot exceed the amount of individual liability. We derive and characterise optimal separating joint liability contracts incorporating this constraint. Copyright 2005 Royal Economic Society
Actuarial science · Business · Compatibility (geochemistry · Constraint (computer-aided design · Economics · Incentive · Incentive compatibility · Joint (building · Joint and several liability · Liability · Limited liability · Microeconomics · Strict liability · Economic Growth and Development · Engineering · Finance · Microfinance and Financial Inclusion · Taxation and Compliance Studies
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Group lending, repayment incentives and social collateral
Group lending under asymmetric information
Group-lending
Bertrand and Walras Equilibria under Moral Hazard
Peer Group Formation in an Adverse Selection Model
Overlending
| Unique citing works | 14 |
|---|---|
| Citations per year | 0,74 |
| Citation span | 2007 - 2023 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 14 |