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A Bayesian analysis of payday loans and their regulation

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

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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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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  18. Morse, Adair, 2011. "Payday lenders: Heroes or villains?," Journal of Financial Economics, Elsevier, vol. 102(1), pages 28-44, October.
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