小额信贷市场结构与借款人福利

IF 3.8 2区经济学 Q1 ECONOMICS

Economic Journal Pub Date : 2018-05-07 DOI:10.1111/ecoj.12591

Jonathan de Quidt, Thiemo Fetzer, Maitreesh Ghatak

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引用次数: 52

摘要

受最近围绕商业贷款机构在小额信贷中的作用的争议以及对该行业进行监管的呼吁的启发，我们分析了不同市场结构下的借款人福利，考虑了仁慈的非营利贷款机构、营利性垄断者和竞争性信贷市场。为了理解所分析的影响的大小，我们用MIX Market数据库估计的参数来模拟模型。我们的研究结果表明，市场力量可能对借款人福利产生严重影响，而尽管可能存在执行外部性，竞争通常会为非营利贷款提供类似的借款人福利。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Market Structure and Borrower Welfare in Microfinance

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, and calls for regulation of the sector, we analyse borrower welfare under different market structures, considering a benevolent non-profit lender, a for-profit monopolist and a competitive credit market. To understand the magnitude of the effects analysed, we simulate the model with parameters estimated from the MIX Market database. Our results suggest that market power can have severe implications for borrower welfare, while despite possible enforcement externalities competition typically delivers similar borrower welfare to non-profit lending.

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来源期刊

Economic Journal ECONOMICS-

CiteScore

6.60

自引率

3.10%

发文量

期刊介绍： The Economic Journal is the Royal Economic Society''s flagship title, and is one of the founding journals of modern economics. Over the past 125 years the journal has provided a platform for high quality and imaginative economic research, earning a worldwide reputation excellence as a general journal publishing papers in all fields of economics for a broad international readership. It is invaluable to anyone with an active interest in economic issues and is a key source for professional economists in higher education, business, government and the financial sector who want to keep abreast of current thinking in economics.