کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5095325 1376282 2007 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Roscas as financial agreements to cope with self-control problems
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Roscas as financial agreements to cope with self-control problems
چکیده انگلیسی
We consider a model in which people with limited self-control can sign binding financial agreements among themselves, thereby forming coalitions. We show that these financial agreements may help them to alleviate their self-control problems. We then demonstrate that there exists a stable structure of coalitions in which people form rotating savings and credit associations (roscas). We therefore provide a behavioral rationale for one of the most prevalent and puzzling financial institutions in developing countries. Finally, we derive and discuss some empirical predictions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 82, Issue 1, January 2007, Pages 120-137
نویسندگان
, ,