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Microfinance and markets: New results for the Besley-Coate group lending model

Arnold, Lutz G., Reeder, Johannes and Steger, Susanne E. (2009) Microfinance and markets: New results for the Besley-Coate group lending model. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 430, Working Paper.

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Date of publication of this fulltext: 08 Apr 2009 13:53

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Microfinance currently experiences a huge inflow of private investors and a surge in the use of market instruments. This raises the question of what market equilibria in microfinance markets look like and which kinds of market failure tend to afflict them. The present paper conducts an equilibrium analysis of Besley and Coate’s (1995) group lending model with enforcement problems.We show that a ...


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Item type:Monograph (Working Paper)
Series of the University of Regensburg:Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft
Date:28 January 2009
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Interdisciplinary Subject Network:Immobilien- und Kapitalmärkte
Identification Number:
RePEc:bay:rdwiwi:7113RePEc Handle
G 21Journal of Economics Literature Classification
Keywords:microfinance, group lending, enforcement
Dewey Decimal Classification:300 Social sciences > 330 Economics
Created at the University of Regensburg:Yes
Item ID:7113
Owner only: item control page


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