Discount rates and credit markets: theory and evidence from rural India

Three models of credit markets - (1) the permanent income model, (2) upward sloping credit supply to individual borrowers, and (3) constrained credit due to imperfect enforcement - are tested using credit market data and an experimental study of individuals' discount rates in south India. The perman...

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Bibliographic Details
Main Author: Pender, John L.
Format: Journal Article
Language:Inglés
Published: Elsevier 1996
Subjects:
Online Access:https://hdl.handle.net/10568/171913

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