1998 Articles
Moneylenders and bankers: price-increasing subsidies in a monopolistically competitive market
Focuses on the development of models of markets with endogenous enforcement costs, which were motivated by rural credit markets' studies. In-depth look at interest rates; Indication that government-subsidized formal credit's infusions have not improved the terms offered by moneylenders; Costs of enforcement in relation to economics; Details on scale economies.
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Also Published In
- Title
- Journal of Development Economics
- DOI
- https://doi.org/10.1016/S0304-3878(98)00062-5
More About This Work
- Academic Units
- Economics
- Published Here
- April 17, 2013