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A Bayesian analysis of payday loans and their regulation

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  • Li, Mingliang
  • Mumford, Kevin J.
  • Tobias, Justin L.

Abstract

Payday loans are small short-term loans that a borrower must repay or renew on his/her next payday. In states where payday lending is legal, many terms of these loans are regulated, ostensibly to protect the consumer from excessively burdensome lending practices.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Econometrics.

Volume (Year): 171 (2012)
Issue (Month): 2 ()
Pages: 205-216

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Handle: RePEc:eee:econom:v:171:y:2012:i:2:p:205-216

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Web page: http://www.elsevier.com/locate/jeconom

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References

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  5. repec:dgr:uvatin:2098025 is not listed on IDEAS
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