Group lending with correlated project outcomes
This paper shows that positive correlation between project outcomes may improve the efficiency of microfinance group lending contracts.
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References listed on IDEAS
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- Shubhashis Gangopadhyay & Maitreesh Ghatak & Robert Lensink, 2005. "Joint Liability Lending and the Peer Selection Effect," Economic Journal, Royal Economic Society, vol. 115(506), pages 1005-1015, October.
- Christian Ahlin & Robert Townsend, 2003.
"Selection into and across Credit Contracts: Theory and Field Research,"
Vanderbilt University Department of Economics Working Papers
0323, Vanderbilt University Department of Economics.
- Ahlin, Christian & Townsend, Robert M., 2007. "Selection into and across credit contracts: Theory and field research," Journal of Econometrics, Elsevier, vol. 136(2), pages 665-698, February.
- Jean-Jacques Laffont, 2000.
"Collusion and Group Lending with Adverse Selection,"
Development Working Papers
147, Centro Studi Luca d\'Agliano, University of Milano.
- Laffont, Jean-Jacques, 2003. "Collusion and group lending with adverse selection," Journal of Development Economics, Elsevier, vol. 70(2), pages 329-348, April.
- Laffont, Jean-Jacques, 2000. "Collusion and Group Lending with Adverse Selection," IDEI Working Papers 95, Institut d'Économie Industrielle (IDEI), Toulouse.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Ghatak, Maitreesh, 2000. "Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect," Economic Journal, Royal Economic Society, vol. 110(465), pages 601-31, July.
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