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Corruption, Default and Optimal Credit in Welfare Programs Author info | Abstract | Publisher info | Download info | Related research | Statistics Bibhas Saha ()
In this paper a dynamic model of subsidized credit provision is presented to examine how asymmetric information exacerbates inefficiency caused by corruption. Though designed to empower the underprivileged, the fate of such credit programs largely depends on the efficiency of the credit delivery system. [IGIDR WP 2004-001].
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Paper provided by esocialsciences.com in its series Working Papers with number
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Date of creation: 2008Date of revision:
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Keywords: credit ; corruption ; asymmetric ; information ; inefficiency ; delivery ; system ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Mishra, Ajit, 2002.
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Hindriks, Jean & Keen, Michael & Muthoo, Abhinay, 1999.
"Corruption, extortion and evasion ,"
Journal of Public Economics ,
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Other versions:
Jean Hindriks, Michael Keen and Abhinay Muthoo, .
"Corruption, Extortion and Evasion ,"
Economics Discussion Papers
470, University of Essex, Department of Economics.
Hindriks, J. & Keen, M. & Muthoo, A., 1996.
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Discussion Papers
98/09, University of Exeter, School of Business and Economics.
Saha, Bibhas, 2001.
"Red tape, incentive bribe and the provision of subsidy ,"
Journal of Development Economics ,
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[Downloadable!] (restricted)
Banerjee, A.V., 1997.
"A Theory of Misgovernance ,"
Working papers
97-4, Massachusetts Institute of Technology (MIT), Department of Economics.
Lewis, Tracy R. & Sappington, David E. M., 1989.
"Countervailing incentives in agency problems ,"
Journal of Economic Theory ,
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[Downloadable!] (restricted)
Hoff, Karla & Stiglitz, Joseph E, 1990.
"Imperfect Information and Rural Credit Markets--Puzzles and Policy Perspectives ,"
World Bank Economic Review ,
Oxford University Press, vol. 4(3), pages 235-50, September.
Choi, Jay Pil & Thum, Marcel, 2003.
"The dynamics of corruption with the ratchet effect ,"
Journal of Public Economics ,
Elsevier, vol. 87(3-4), pages 427-443, March.
[Downloadable!] (restricted)
Other versions: Maggi G. & Rodriguez-Clare A., 1995.
"On Countervailing Incentives ,"
Journal of Economic Theory ,
Elsevier, vol. 66(1), pages 238-263, June.
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Lui, Francis T, 1985.
"An Equilibrium Queuing Model of Bribery ,"
Journal of Political Economy ,
University of Chicago Press, vol. 93(4), pages 760-81, August.
[Downloadable!] (restricted)
Banerjee, Abhijit V, 1997.
"A Theory of Misgovernance ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 112(4), pages 1289-1332, November.
Marjit, Sugata & Mukherjee, Vivekananda & Mukherjee, Arijit, 2000.
"Harassment, corruption and tax policy ,"
European Journal of Political Economy ,
Elsevier, vol. 16(1), pages 75-94, March.
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