Discharge of residual debt: Do private and institutional lenders differ?
With the help of lab experiments we study the impact of discharging insolvent debtors of their residual debt. We investigate the impact of different participation rules and the impact of different types of lenders. We find that higher participation rates encourage risk taking behaviour of borrowers. Higher participation rates also reduce the amount of moonlighting. Most importantly, institutional lenders can suffer more from moonlighting than private lenders.
|Date of creation:||2013|
|Contact details of provider:|| Web page: http://www.socialpolitik.org/|
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- Alwine Mohnen & Kathrin Pokorny & Dirk Sliwka, 2008.
"Transparency, Inequity Aversion, and the Dynamics of Peer Pressure in Teams: Theory and Evidence,"
Journal of Labor Economics,
University of Chicago Press, vol. 26(4), pages 693-720, October.
- Mohnen, Alwine & Pokorny, Kathrin & Sliwka, Dirk, 2008. "Transparency, Inequity Aversion, and the Dynamics of Peer Pressure in Teams: Theory and Evidence," IZA Discussion Papers 3281, Institute for the Study of Labor (IZA).
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