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	Provedor de dados AgEcon (3) Autor Karlan, Dean S. (3) Zinman, Jonathan (3) Morten, Melanie (1) Palavra-chave Development finance (3) Microfinance (3) Consumer/Household Economics (2) Credit markets (2) Financial Economics (2) G2 (2) O1 (2) Adverse selection (1) C9 (1) Consumer credit (1) D1 (1) D21 (1) D8 (1) D9 (1) D92 (1) Demand and Price Analysis (1) Demand elasticity (1) E2 (1) Field experiment (1) G21 (1) Mais... Tipo do documento Working or Discussion Paper (2) Working Paper (1) Ano 2012 (1) 2005 (2) País United States (3) Idioma Inglês (3)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 3 Primeira ... 1 ... Última A Personal Touch: Text Messaging for Loan Repayment AgEcon Morten, Melanie; Karlan, Dean S.; Zinman, Jonathan. We worked with two microlenders to test impacts of randomly assigned reminders for loan repayments in the “text messaging capital of the world”. We do not find strong evidence that loss versus gain framing or messaging timing matter. Messages only robustly improve repayment when they include the loan officer’s name. This effect holds for clients serviced by the loan officer previously but not for first-time borrowers. Taken together, the results highlight the potential and limits of communications technology for mitigating moral hazard, and suggest that personal obligation/reciprocity between borrowers and bank employees can be harnessed to help overcome market failures. Tipo: Working Paper Palavras-chave: Microcredit; Microfinance; Randomized evaluation; Development finance; Consumer/Household Economics; Financial Economics; Research and Development/Tech Change/Emerging Technologies; D21; D92; G21; O16; O17. Ano: 2012 URL: http://purl.umn.edu/121867 Elasticities of Demand for Consumer Credit AgEcon Karlan, Dean S.; Zinman, Jonathan. The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves that, while downward-sloping with respect to price, are flatter than recent estimates in both developing and developed countries throughout most of a wide price range. However, demand becomes highly price sensitive at higher-than-normal rates. We discuss several interpretations of this kink and present some related evidence. We also find that loan size is far more responsive to changes in loan maturity than to changes in interest rate. This pattern is more pronounced... Tipo: Working or Discussion Paper Palavras-chave: Credit markets; Microfinance; Demand elasticity; Development finance; Maturity elasticity; Consumer credit; Liquidity constraints; Consumer/Household Economics; Demand and Price Analysis; D1; D9; E2; G2; O1. Ano: 2005 URL: http://purl.umn.edu/28485 Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment AgEcon Karlan, Dean S.; Zinman, Jonathan. Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South African lender along three dimensions: 1) the initial "offer interest rate" appearing on direct mail solicitations; 2) a "contract interest rate" equal to or less than the offer interest rate and revealed to the over 4,000 borrowers who agreed to the initial offer rate; and 3) a dynamic repayment incentive that extends preferential pricing on future loans to borrowers who remain in good standing. These three randomizations, combined with complete knowledge of the... Tipo: Working or Discussion Paper Palavras-chave: Information asymmetries; Field experiment; Adverse selection; Moral hazard; Development finance; Credit markets; Microfinance; Financial Economics; C9; D8; G2; G3; O1. Ano: 2005 URL: http://purl.umn.edu/28482 Registros recuperados: 3 Primeira ... 1 ... Última

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