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Intra-Group Transfers And Group Formation

  • Dyuti Banerjee
  • Anupama Sethi

In this paper we consider different forms of intra-group transfers and the resulting type of group formation. We introduce the concept of partial joint liability and revenue sharing and show that this form of intra-group transfer may result in heterogeneous group formation. Its uniqueness is established by the fact that other transfer schemes always result in homogenous group formation.

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Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 24/08.

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Length: 17 pages
Date of creation: 03 Aug 2008
Date of revision:
Handle: RePEc:mos:moswps:2008-24
Contact details of provider: Postal: Department of Economics, Monash University, Victoria 3800, Australia
Phone: +61-3-9905-2493
Fax: +61-3-9905-5476
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  1. Kritikos, Alexander S. & Vigenina, Denitsa, 2005. "Key Factors of Joint-Liability Loan Contracts: An Empirical Analysis," Discussion Papers 231, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
  2. Ghatak, Maitreesh, 1999. "Group lending, local information and peer selection," Journal of Development Economics, Elsevier, vol. 60(1), pages 27-50, October.
  3. Dean Karlan & Xavier Gine & Jonathan Morduch & Pamela Jakiela, 2006. "Microfinance Games," Working Papers 936, Economic Growth Center, Yale University.
  4. Maitreesh Ghatak & Timothy W. Guinnane, 1998. "The Economics of Lending with Joint Liability: Theory and Practice," Working Papers 791, Economic Growth Center, Yale University.
  5. repec:ebl:ecbull:v:15:y:2005:i:9:p:1-8 is not listed on IDEAS
  6. M. Kugler & R. Oppes, 2005. "Collateral and Risk Sharing in group lending: evidence from an urban microcredit program," Working Paper CRENoS 200509, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  7. Klaus Abbink & Bernd Irlenbusch & Elke Renner, 2006. "Group Size and Social Ties in Microfinance Institutions," Economic Inquiry, Western Economic Association International, vol. 44(4), pages 614-628, October.
  8. Guttman, Joel M., 2008. "Assortative matching, adverse selection, and group lending," Journal of Development Economics, Elsevier, vol. 87(1), pages 51-56, August.
  9. 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.
  10. de Aghion, Beatriz Armendariz & Gollier, Christian, 2000. "Peer Group Formation in an Adverse Selection Model," Economic Journal, Royal Economic Society, vol. 110(465), pages 632-43, July.
  11. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
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