Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries
综述了低收入国家中应对风险、提供信贷的非市场制度,结合信息经济学与契约理论,为研究不完全信息和有限执行下的合约设计提供实证检验。
The design credit and risk institutions in low-income countries provides one of the most exciting testing grounds for theories of contracting with imperfect information and limited enforcement. This paper reviews some of the recent literature, with a special focus on nonmarket institutions that cope with risk and provide credit. This literature attempts to bring together insights from economic theory, especially information economics, contract theory, and mechanism design theory. However, it is also applied, being motivated by the circumstance of the poor countries that their authors have visited and studied.